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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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American Federal Tax Reports, Volume 29

Taxation - 1943
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Federal Income, Estate and Gift Tax Laws, Correlated

United States, Walter Elbert Barton - Gifts - 1944 - 1242 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)...
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Individual Income Tax Provisions of the Internal Revenue Code: Applicable to ...

United States. Congress. Joint Committee on Internal Revenue Taxation - Government publications - 1944 - 312 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...
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United States Congressional Serial Set

United States - 1944
...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...
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United States Code Annotated

United States - Law - 1945
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Individual Income Tax Provisions of the Internal Revenue Code (second ...

United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 312 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...
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Montgomery's Federal Taxes on Corporations

Robert Hiester Montgomery - Corporations - 1943
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Laws Passed at the Session of the General Assembly of the State of Colorado

Colorado - Law - 1945
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Individual Income Tax Provisions of the Internal Revenue Code: Applicable to ...

United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 385 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...
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