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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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Code of Federal Regulations

Administrative law - 1967
...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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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1971
...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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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1972
...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 Code of Federal Regulations of the United States of America

Administrative law - 1978
...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 Statutes at Large, Volume 53, Part 1

United States Department of State - Session laws - 1939
...— 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...
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Codification of Internal Revenue Laws Submitted to ... by Its Staff ...

United States. Congress. Internal Revenue Taxation Joint Committee - 1933 - 225 pages
...paragraph. (4) Percentage depletion for coal and metal mines and sulphur. — The allowance for depletion shall be, in the case of coal mines, 5 per centum,...respect of the property. Such allowance shall not exceed GO per centum of the net income of the taxpayer (computed without allowance for depletion) from the...
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Reports of the Tax Court of the United States, Volume 3

United States. Tax Court - Law reports, digests, etc - 1944
...and gag wells the allowance for depletion under section 23 (m) shall be 27% per centum of the groĽ Income from the property during the taxable year,...respect of the property. Such allowance shall not exceed 60 per centum of the net Income of the taxpayer (computed without allowance for depletion) from the...
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Cumulative Digest of United States Practice in International Law, Volume 2

International law - 1946
...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27'/a per centum of the gross Income from the property during...incurred by the taxpayer in respect of the property. . . ." 'Kirby Petroleum Company, 2 TC 1258 (1943) [CCH Dec. 13,651] and Anna Vickers Crawford, TCMemo.....
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