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" 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 the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or... "
The Code of Federal Regulations of the United States of America Having ... - Page 297
1939
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Reports of the Tax Court of the United States, Volume 31

United States. Tax Court - Law reports, digests, etc - 1959
...and gas wells the allowance for depletion under section 23 (m) shall be 27 Vi per centum of the grow Income from the property during the taxable year,...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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U.S. Tax Cases, Volume 59, Issue 1

Commerce Clearing House - Income tax - 1959
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American Federal Tax Reports

Law reports, digests, etc - 1959
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Reports of the Tax Court of the United States, Volume 31

United States. Tax Court - Law reports, digests, etc - 1959
...In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27H l"'r centum of the gross Income from the property during...rents or royalties paid or Incurred by the taxpayer In ren|>ect of the property. Such allowance shall not exceed 50 per centum of the net Income of the taxpayer...
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Security Analysis: Interpretation of Financial Statements

Douglas Hamilton Bellemore - Corporations - 1959 - 196 pages
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Internal Revenue Bulletin

United States. Internal Revenue Service - Tax administration and procedure - 1959
...section Oil shall be the percentage, specified in subsection (b), of the gross income from the property, the calendar year. Unless such a disclosure is made the record owner percent of the taxpayer's taxable income from the property (computed without allowance for depletion)....
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Mineral Treatment Processes for Percentage and Depletion Purposes: Hearings ...

United States. Congress. House. Committee on Ways and Means - Depletion allowances - 1959 - 306 pages
...section 611 shall be the percentage, specified in subsection (b), of the gross income from the property excluding from such gross income an amount equal to...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property .J (computed without allowance for depletion)....
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Proceedings

Institute on Oil and Gas Law and Taxation, Dallas - 1960
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Federal supplement. [First Series.], Volume 181

1960
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American Federal Tax Reports, Volume 2; Volume 6

Taxation - 1961
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