Defense Minerals: Hearings Before the Committee on Interior and Insular Affairs, United States Senate, Eighty-second Congress, First Session, on Defense Minerals Program. January 19, February 12 and 13, 1951U.S. Government Printing Office, 1951 - 175 pages Considers (81) S. 2015. |
Other editions - View all
Common terms and phrases
agencies alumina aluminum amortization amount anorthosite Appendix application approved BANNERMAN BOYD Bureau of Mines certification is sought CHAIRMAN coal committee commodity companies CONGRESS THE LIBRARY contracts copper corporation Defense Minerals Administration Defense Mobilization Defense Production Act Defense Production Administration Defense Solid Fuels Department deposits Director domestic emergency facility equipment excess output excess profits excess profits tax expansion exploration facilities sought February 15 field filed funds Geological Survey GIBSON going Government industry Interior LARSON loans materials ment metals and minerals molybdenum national defense National Production Authority natural gas necessity certificate Newmont Mining NSRB operation percent period President purchase question recommendation respect SEARLS Secretary CHAPMAN Senator ANDERSON Senator CORDON Senator LEHMAN Senator MILLIKIN Senator WATKINS Solid Fuels Administration stockpiling strategic and critical subsidy sulfur supply taxable thing tion United Washington WILLISTON Wilson World War II zinc
Popular passages
Page 5 - If the adjusted basis of the emergency facility (computed without regard to this section) Is In excess of the adjusted basis computed under subsection (e), the depreciation deduction provided by section 167 shall, despite the provisions of subsection (a) of this section, be allowed with respect to such emergency facility as If its adjusted basis for the purpose of such deduction were an amount equal to the amount of such excess.
Page 5 - Increased by such amount, but such deduction on account of such month shall not be in excess of the adjusted basis of the emergency facility as of the end of such month (computed without regard to any amount allowable, on account of such month, under section 167 or this paragraph) . (h) Life tenant and remainderman.
Page 110 - ... to expedite production and deliveries or services under Government contracts for the procurement of materials or the performance of services for the national defense...
Page 68 - Geological Survey, is hereby authorized and directed to make scientific, technologic, and economic investigations concerning the extent and mode of occurrence, the development, mining, preparation, treatment, and utilization of ores and other mineral substances...
Page 5 - Gain from the sale or exchange of property, to the extent that the adjusted basis of such property is less than its adjusted basis determined without regard to section 168 (relating to amortization deduction of emergency facilities), shall be considered as gain from the sale or exchange of property which is neither a capital asset nor property described in section 1231.
Page 5 - In the case of property held by one person for life with remainder to another person, the deduction under this section shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant.
Page 109 - Government as he may deem appropriate, or to create new agencies (other than corporations). (b) Any agency created under this section, and any department, agency, official, or corporation utilized pursuant to this section is authorized, subject to the approval of the President, to borrow from the Treasury of the United States, such sums of money as may be necessary to carry out its functions under sections 302 and 303 : Provided, That the amount borrowed under the provisions of this section by all...
Page 4 - ... acquired, or with the taxable year succeeding the taxable year in which such...
Page 5 - President as compensation to the taxpayer for the unamortized cost of the emergency facility made because — (A) A contract with the United States involving the use of the facility has been terminated by its terms or by cancellation, or (B) The taxpayer had reasonable ground (either from provisions of a contract with the United States involving the use of...
Page 4 - Such certification shall be under such regulations as may be prescribed from time to time by such certifying authority with the approval of the President. An application for a certificate must be filed at such time and In such manner as may be prescribed by such certifying authority under such regulations, but In no event shall such certificate have any effect unless an application therefor Is filed before...