 | Taxation - 1943 - 1612 pages
[ Sorry, this page's content is restricted ] | |
 | United States, Walter Elbert Barton - Gifts - 1944 - 1286 pages
...computed without reference to this paragraph. Sec. 114. (b) (4) Percentage depletion for coal and metal mines and sulphur. — The allowance for depletion...taxpayer in respect of the property. Such allowance >hall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for depletion)... | |
 | United States - 1944 - 1344 pages
...lepidolite, spodumene, barite,ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines or...incurred by the taxpayer in respect of the property." (b) DISCOVERY VALUE. — Section 114 (b) (2) (relating to discovery value) is amended by inserting... | |
 | United States - Law - 1945 - 798 pages
[ Sorry, this page's content is restricted ] | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...lepidolite, spodumene, barite, ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines or...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. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
...lepidolite, spodumene, barite, ball and sagger clay, or rock asphalt mines, and potash mines or deposits, 15 per centum, and in the case of sulphur mines or...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... | |
| |
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... 
