 The allowance for depletion under section 23 (m) shall be, in the case of coal mines, 5 per centum, in the case of metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the...  United States Code - Page 3362by United States - 1953Full view - About this book
 | United States. Congress. House. Committee on Ways and Means - Depletion allowances - 1959 - 332 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 .J (computed without allowance for depletion).... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1959 - 1390 pages
...section Oil shall be the percentage, specified in subsection (b), of the gross income from the property, the calendar year. Unless such a disclosure is made the record owner percent of the taxpayer's taxable income from the property (computed without allowance for depletion).... | |
 | United States. Tax Court - Taxation - 1961 - 1178 pages
...limestone • • • 15 per centum, • • • • ••••• • of the gross Income from tbe property during the taxable year, excluding from such...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... | |
 | Administrative law - 1961 - 566 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).... | |
 | United States. Tax Court - Taxation - 1948 - 1184 pages
...— 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...Incurred by the taxpayer In respect of the property. • • • * In the form effective prior to October, 1944, the text was as follows : "(f) 'Gross Income... | |
 | United States. Tax Court - Taxation - 1949 - 1378 pages
...of the gross Income from the property during the taxable year, excluding from such gross Income ao amount equal to any rents or royalties paid or Incurred...not exceed 50 per centum of the net Income of the taxpayei (computed without allowance for depletion) from the property, except that In no case shall... | |
 | United States. Internal Revenue Service - Internal revenue - 1977
...section 611 shall be the percentage, specified in subsection (h), of the gross income from the property .> # { C \ ( kx > m ;[ z N|L~ zP Ƈ Į8 8ࣗ З O 8 z...= %t Oo O 5> ]6 \l͞' t, p+> "_ p 7. B ۼ f ( percent of the taxpayer's taxable income from the property (computed without allowance for depletion).... | |
 | United States. Internal Revenue Service - Internal revenue - 1981 - 808 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).... | |
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