UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.The Union Pacific Railroad president directs that the new pipeline to Industrial Unit No. 1 be placed under the ownership of the Las Vegas Land and Water Company as it would be more beneficial for tax purposes.
hln001149. Union Pacific Railroad Collection, 1828-1995. MS-00397. Special Collections and Archives, University Libraries, University of Nevada, Las Vegas. Las Vegas, Nevada. http://n2t.net/ark:/62930/d12v2g972
English
(C O P Y) UNION PACIFIC SYSTEM Omaha, Nebraska May 25, 1931. Mr. W. M. Jeffers, Vice President, Omaha, Nebraska. Mr. A. S. Halsted, General Solicitor, Los Angeles, California. Gentlemen: Los Angeles & Salt Lake Railroad Company requisition No. 41, approved by the Executive Committee on May 19th, covers construction of 2,425 feet of water supply line at Las Vegas, to serve Industrial District No. 1: It has been the policy of the Income Tax Department not to authorize railroad companies to charge against income accruals of depreciation on any property other than equipment. Since it is the practice of the Las Vegas Land and Water Company to accrue depreciation on pipe lines at 2 per cent per annum, it is desirable to have the pipe line owned by the Land Company, and thus get the benefit of the saving in income taxes, even though the amount may be small. Will Mr. Halsted therefore please arrange to have the necessary steps taken to extend the franchise of the Las Vegas Land and Water Company to cover Industrial District No. 1? After this has been accomplished, will Mr. Jeffers please have work orders prepared transferring the property, reporting same on Form 280. Yours very truly, (Signed C. R. Gray President