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" Except as provided in subsection (b), there shall be allowed as a deduction in computing taxable income all expenditures paid or incurred during the taxable year for the development of a mine or other natural deposit (other than an oil or gas well) if... "
Reports of the Tax Court of the United States - Page 570
by United States. Tax Court - 1986
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United States Code, Volume 3

United States - 1953 - 1744 pages
...other natural deposit (other than an oil or gas well) if paid or incurred after December 31, 1950, and rnings and profits consisting of Increase in value of property accrued before March 1, 1913. (53 This subsection shall not apply to expenditures for the acquisition or improvement of property of a...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1973 - 476 pages
...taxable year for the development of a mine or other natural deposit (other than an oil or gas well) If paid or Incurred after the existence of ores or...commercially marketable quantities has been disclosed. This section shall not apply to expenditures for the acquisition or Improvement of property of •...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1954 - 1486 pages
...other natural deposit (other than an oil or gas well) If paid or incurred after December 31, 1950. and after the existence of ores or mInerals in commercially marketable quantities has been disclosed. This subsection shall not apply to expenditures for the acquisition or Improvement of property of a...
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Defense Minerals Policy: Hearing, Eighty-second Congress, Second Session ...

United States. Congress. Senate. Committee on Interior and Insular Affairs - 1952 - 244 pages
...in that year with respect to the mine. "This provision applies only when the expenditures are made after the existence of ores or minerals in commercially marketable quantities has been determined and the development stage has begun. It does not apply to oil or gas wells. "Expenditures...
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Defense Minerals Policy ...: Hearing ... December 12, 1951

United States. Congress. Senate. Committee on Interior and Insular Affairs - 1952 - 248 pages
...in that year with respect to the mine. ''This provision applies only when the expenditures are made after the existence of ores or minerals in commercially marketable quantities has been determined and the development stasre has begun. It does not apply to oil or gas wells. "Expenditures...
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Internal Revenue Bulletin: Cumulative bulletin

United States. Internal Revenue Service - 1967 - 1510 pages
...taxable year for the development of a mine or other natural deposit (other than an oil or gas well) if paid or incurred after the existence of ores or minerals in commercially marketable quantities is disclosed. However, in the alternate the taxpayer may elect to treat these expenditures as deferred...
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Federal Income, Estate, and Gift Tax Laws, Correlated: Being a Correlation ...

United States, Walter Elbert Barton - 1953 - 708 pages
...other natural deposit (other than an oil or gas well) if paid or incurred after December 31, 1950, and after the existence of ores or minerals in commercially marketable quantities has been disclosed. This subsection shall not apply to expenditures for the acquisition or improvement of property of a...
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Internal Revenue Bulletin

United States. Internal Revenue Service - 1954 - 1182 pages
...of a mine or other natural deposit (other than an oil or gas well) paid or incurred by the taxpayer after the existence of ores or minerals in commercially marketable quantities has been disclosed subject to the following rules. The deduction is not allowable with resiK-ct In e\j>enditures for the...
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Tax Guide for Small Business: Transmitted by the Internal Revenue Service of ...

United States. Congress. Senate. Select Committee on Small Business - 1956 - 134 pages
...taxable year for the developing of a mine or any other natural deposit (other than an oil or gas well) if paid or incurred after the existence of ores or...commercially marketable quantities has been disclosed. Or you may elect to treat such expenditures as deferred expenses deductible on a ratable basis as the...
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General Revenue Revision. Hearings..., Eighty-fifth Congress, Second ..., Part 2

United States. Congress. House. Committee on Ways and Means - 1958 - 1174 pages
...taxable year for the development of a mine or other natural deposit (other than an oil or gas well) if paid or incurred after the existence of ores or...commercially marketable quantities has been disclosed. Under section 615, exploration expenditures, which frequently are incurred many years before development...
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