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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 U.S. Board of Tax Appeals, Volume 43

United States. Board of Tax Appeals - Taxation - 1941
...Income from the property during the taxable year, excluding from such gross income nn amount e<]iial to any rents or royalties paid or incurred by the...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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United States Code

United States - Law - 1964
...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 (computed without allowance for depletion)....
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United States Code

United States - Law - 1965
...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 (computed without allowance for depletion)....
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The Federal reporter. Second series, Volume 124

1942
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Revenue Act of 1942: Hearings Before the Committee on Finance ..., Volume 2

United States. Congress. Senate. Committee on Finance - Finance - 1942 - 2376 pages
...from the property during the taxable year, excluding from such gross income an amount equal to nny rents or royalties paid or incurred by the taxpayer...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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Revenue Act of 1942. Hearings ... on H.R. 7378

United States U.S. Congress. Senate. Committee on finance - 1942
...the property during the taxable year, excluding from such gross income an amount equal to any reuts or royalties paid or incurred by the taxpayer in respect...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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