Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" 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
Full view - About this book

Reports of the Tax Court of the United States, Volume 11

United States. Tax Court - Law reports, digests, etc - 1949
...of coal mines, B per centum, In the case of metal mines, 15 per centum, and, In the case of sulphnr mines or deposits, 23 per centum, of the gross Income...property. A taxpayer making his first return under this chapter in respect of a property shall state whether he elects to have the depletion allowance for...
Full view - About this book

Federal Income, Estate and Gift Tax Laws, Correlated: Being a Correlation of ...

United States, Walter Elbert Barton - Income tax - 1950 - 893 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 in no case shall the depletion allowance under section 23 (m) be less than it would be if computed...
Full view - About this book

Revenue Act of 1951: Hearings Before the Committee on Finance, United States ...

United States. Congress. Senate. Committee on Finance - Finance, Public - 1951 - 2624 pages
...metallurgical grade limestone, and chemical grade limestone, 15 per centum, and "(iv) in the case of sulfur, 23 per centum, of the gross income from the property...incurred by the tax-payer in respect of the property." (b) TECHNICAL AMENDMENT. — So much of paragraph (2) of section 114 (b) as precedes "discovered by...
Full view - About this book

Federal Income, Estate, and Gift Tax Laws, Correlated: Being a Correlation ...

United States, Walter Elbert Barton - Income tax - 1953 - 640 pages
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (iv) in the case of sulphur, 23 per centum of the gross income from the property...without allowance for depletion) from the property, except in no case shall the depletion allowance under section 23 (m) be less than it would be if computed...
Full view - About this book

Internal Revenue Bulletin: Cumulative bulletin, Part 1

United States. Internal Revenue Service - Internal revenue - 1968
...section 611 shall be the percentage, specified in snbsecUon (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)....
Full view - About this book

United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 350

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Law reports, digests, etc - 1956
...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 that in no case shall the depletion allowance under section 23 (m) be less than it would be...
Full view - About this book

Internal Revenue Bulletin

United States. Internal Revenue Service - Tax administration and procedure - 1956
...wells. In the case of oil and gas wells th allowance for depletion under section 23 (ml shall be 27% per centum of the gross Income from the property during...respect of the property. Such allowance shall not exceed 80 per centum of the net Income of the taxpayer (eomSuted without allowance for depletion) from the...
Full view - About this book

Reports of the Tax Court of the United States, Volume 26

United States. Tax Court - Law reports, digests, etc - 1957
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (IT) In the case of sulfur, 23 per centum, of the gross Income from the property...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...
Full view - About this book

Reports of the Tax Court of the United States, Volume 28

United States. Tax Court - Taxation - 1958
...(1) In the case of • • • stone • • • 5 per centum, • •••••• of the (rross 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...
Full view - About this book

General Revenue Revision. Hearings..., Eighty-fifth Congress, Second ..., Part 2

United States. Congress. House. Committee on Ways and Means - 1958 - 1145 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 (computed without allowance for depletion)....
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF