b"6,UnemploymentBenefits.Anextra15weeksofunemployment benefitswillgotoworkersinhighunemploymentstateswhoalready,._/ haveexhaustedthepresent42weeksofbenefits.The9statesare California,NewYork,Massachusetts,Michigan,NewJersey,Oregon, Pennsylvania,RhodeIslandandWashington.Theprovisionexpires June30, 7.SaleofResidence.Thepresent12-monthdefermentof capitalgainstaxonthesaleofahomeisextendedto18months andtheperiodinwhichthetaxpayermayconstructanewhome isextendedto24monthsfrom18months. 8,InvestmentTaxCredit.Theinvestmenttaxcredit,now 7%formostindustryand4%forutilities,isincreasedto10% fortwoyears.Thecreditmaybeincreasedto11%atthe electionofthetaxpayerbusinessif theproceedsfromtheextra onepercentagepointareplacedinanemployee'sstockownership plan, 9.CorporateTaxRate.Thetaxrateonthefirst$25,000 ofcorporateincomeis20%,therateonthenext$25,000is 22%,andtheremainderistaxedattheregular48%.Under previouslaw,therateonthefirst$25,000was22%,withthe 48%rateappliedabovethat.Thischangeiseffectivefor taxableyearsendingafterDecember31,1974andappliesonly foroneyear,asitceasestoapplyfortaxableyearsending afterDecember31,1975. 10.OilDepletion.The22%oilandgasdepletiona l lowance isrepealedformajorcompanies.The10,000orsoindependent oilproducerswillkeepthe22%depletiononthefirst2,000 barrelsperdayofproduction,ortheequivalentnaturalgas production.However,thiswillgraduallyphasedownto1,000 barrelsat22%in1980,thendownto1,000barrelsat15%in 1984. OnMay1,1975,newfederaltaxwithholdingtableswentintoeffect. Thenewtablesmaycausesomepeopletobeunderwithheldandothersto beoverwithheld.Thenewtables,whicharerequiredbythenewtaxbill, reflectthevariouschangesintaxratesunderthenewlaw.Underthe newtables,theamountoftaxwithheldwillbereducedfortheremaining eightmonthsof1975,Youandyouremployeesmaywishtoreviewyour personaltaxsituationstodeterminewhetherthenewtableswillresult inyourbeingunderoroverwithheld. CONDUCTYOUROWNJOBSITESAFETYINSPECTION Youandothermanagementpersonnelofyourcompanyregularlycheck companyjobsites.Whynotmakeaquicksafetyinspectionofyourown whenyoufirstarriveatthejobsite?Theinspectionswillhelpto improveyourcornpanytssafetyrecord,willshowyouremployeesthatyou meanbusinessconcerningyourcompany'ssafetyrulesandyouwillbe betterpreparedwhenanOSHAcomplianceofficer arrivesatyourjobsite toconductanofficialinspection.Someofthekeythingsyoushould checkare:"