Tobacco Documents Online

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Ernest Pepples, Esquire Brown & Williamson Tobacco Corp. P. O. Box 35090 . Louisville, KY 40232 February 7, 1983 ~., : --" .-. .... Re: CTR - Tax Credit for Contributions - ~ ::.; "'.:- " C-~ , Dear ~-rnie: " - - ~:,- ",." .,:,,- , ; • - . . ; : ~ i,." . [~ : ,...._.. You w111 recall on several occasions my having put ~ .% . forward ideas to allow companies to take advantage of ~..~ , '. a new tax credit for basic research expenditures. It .~,~." ~" '....:.,~. • • , " .- will be of Interest to you to note that last week a ~ ~-':: ..-~- "'....bill was introduced (~R 702) to make this credit per- ~ -"~ ' manent. ~ . . .. During the course of our conversations it became ~. evident that each company preferred to consider the .-"i:~ .". '~ matter in the light of individual tax planning, So a joint approach was not sought. ?~. ":*~[ ....... .We have given the matter much thought, and I woul~ "~[-:-~:-;. :. : ,:~.~.+: . like now to share with you the approach we expect to .~...xW.i:j. :.:.,..:,.++ take in the light of our particular tax aituation. -+~ .~<--.:.It may be that a similar approach will appeal to you, t~.~-,-'.;.'.'.~. ~;~..~ir and if so I will of course be happy to put you in ~..,~.~-~.,.--.~v.~.-.;. touch with our Tax Pepartment. .- -~," ¢. ,.,~ • " ~"' ;:'~" -2 '" ...':"---' :.... uur approach in no wise impinges on our continued -.~" " support, or the independence of the Scientific ~.~ "," .. visory Board of the CTR and its grant procedures. -~_~. ~ .... ... ., It merely allows us credit for expenditures by the ~ ~'~.~ .... --" simple expedient of paying our share of the grant to :~-. directly. _~,. ;-,. the grantee We intend to make all neces- .. ,,-. . sary arrangements and of course our share of the ~." -,;:7-/-?':3-' ' total administrative expenditures and grants will not ..~. ~ ":-~-.."', ..~ be affected at all. We will shortly be workin~ out ~ "-:t":,''. • detail, with the CTR staff. - "- ";- ;-'-,~,,:. "::-[._ , .'~ - . ." 'o.,-'-: - ",; - ---=,.~q. ~::,.,,,~- . . : :'... . .... .- . . • . ~:-'-".~ ".""="-5 ~ :." "'" > J • ' L'" ""'~ "-'~" " '~ ~' "-" "- ' "-,'- ~.~" "h -':" "" ' :_... , : ,... ,. "". :':. ": - ~-. - • % " ~'1 - " ~. ~ • ~- • --. • . . • ~ . T'~ ~:.~ " " ~.~. ~-- ..... , - .. .~.., . ".: , .-.- • . ..-, ....,_ .',b "-~'.~ "~" ..- - " """" ". "- " • ,1: • ~ - - ;.- " -= .. ToJel:)ho~o (919) TTT-SO93 Tete~ 6064.83 P, JR NT WSL • To~..op~e~ c~lt) TrT-eae8 i.~-".; "~ .e,.-: -, • ~ . : , .~,~ .'.-.~;. "~. _ ~ . ~,'~ . .'~

February I, 1983 .--