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Digital Provenance
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Transcription
4 Omaha . Mr. Wm. Reinhardt - Los Angeles: \ s 00 - Mr* A* E« Stoddard In connection with the proposed petition by Las Vegas Land & Water Company for an increase in rates, I wish you would check the ease referred to in an article on page 56 of the issue of Business Week, June 3» 1950, under the heading Taxes and entitled “Gifts are Depreciable, Too*1; and also I suggest that this be called to Mr, Wehels attention* matters we discussed at the conference in your office the latter part of May. I would be glad to have your opinion, as well as that of Mr* Isaacs also on this* It appeals to me that this may also have an important bearing on the Railroad Company^ depreciation base since, at the present time the Bureau of Internal Revenue does not permit us to include in the base the cost or value of donated property which, in the case of the tTnion Pacific System runs into several million dollars. I think this has a direct bearing on some of the After you have had a chance to review the case JON III 1950 ZER JUN 121950 L. C. c .
