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Fertilizer Bus. / Taxes #48313

ABC Evening News for Tuesday, Apr 26, 1977
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(Studio) Group of young people in California have built up fertilizer business, but forgot to collect state sales tax.
REPORTER: Harry Reasoner

(Ramona, California) Executive officers of Kidco, Incorporated, are aged 9-14; have to go to State Board of Equalization, where president, Richard Cessna, Junior and father hear law. [Tax official William ATWELL - reports laws says fertilizer is taxable.] There's plenty of fertilizer available at stables, run by father, to sell to landscapers at San Diego Cntry. Estates in Ramona, California. [GIRL - says feed bought by father is taxed and therefore fertilizer is taxed once and shouldn't be again.] Kids take work seriously, but not selves. [Betty CESSNA - doesn't like mucking out stalls, but picking up trash from street at development is all right.] Results of tax problems noted.
REPORTER: Stephen Geer

Reporter(s):
Geer, Stephen;
Reasoner, Harry
Duration:
00:02:30

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