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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
2 - The primary purpose of the Federal income tax provision, permitting amortization in a 60 month period, was to allow individual companies, which were required to expend substantial amounts on account of war necessities, to secure prompt benefits in income tax payments. The sole benefit derived by the Las Vegas Land and Water Company as a result of the amortization charges, was to decrease its Federal income taxes, attained by filing consolidated income tax returns for the Union Pacific and subsidiary companies. The projects were constructed to meet the emergency created by the war, and to permit the City of Las Vegas to participate in the war effort required by the United States Government. Mr. Bockes is fully in accord with the principles set forth herein. DEC 6 19® L. C. C*
