The allowance for depletion under section 23 (m) shall be, in the case of coal mines, 5 per centum, in the case of metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the... United States Statutes at Large - Page 46by United States - 1939Full view - About this book
| United States. Supreme Court - Courts - 1940 - 894 pages
...'That section provided: "In the case of oil and gas wells the allowance for depletion shall be 27 J /2 per centum of the gross income from the property during...income of the taxpayer (computed without allowance for deple-' tion) from the property, except that in no case shall the depletion allowance be less than... | |
| United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...paragraph. (4) PERCENTAGE DEPLETION FOR COAL AND METAL MINES AND SULPHUB.—The allowance for depletion shall be, in the case of coal mines, 5 per centum,...income of the taxpayer (computed without allowance for depiction) from the property, except that in no case shall the depletion allowance for the taxable... | |
| United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...WELLS. — In the case of oil and gas wells the allowance for depletion under section 23(m) shall be 27% per centum of the gross income from the property during...without allowance for depletion) from the property, except (255) that in no case shall the depletion allowance under section 23(m) be less than it would... | |
| United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27^ per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be... | |
| United States. Congress. Senate. Committee on Finance - United States - 1939 - 780 pages
...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27^ per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be... | |
| United States. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...ar.d quantify that th«-v rr.-iM If separately n.ir.ed a'.d marketed at a profit. 23 (m) shall be 27y2 per centum of the gross income from the property during...without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be... | |
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