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 Statutes at Large - Page 46by United States - 1939Full view - About this book
| United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 274- 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 if... | |
| United States. Board of Tax Appeals - 1939 - 1380 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...without allowance for depletion) from the property, except that In no case shall the depletion allowance under section 23 (in) be less than it would be... | |
| 1941 - 1688 pages
...wells. In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27 y2 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... | |
| 1940 - 1806 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...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... | |
| 1939 - 1030 pages
...WELLS. 1n 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... | |
| 1939 - 1522 pages
...lepidollte, 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 after... | |
| United States. Supreme Court - 1941 - 844 pages
...executed petitioner did not know of the provision ' in the Revenue 1 Section 114 (b) (4) provided: "The allowance for depletion under section 23 (m)...(computed without allowance for depletion) from the 55 Opinion of the Court. Act of 1934 (48 Stat. 680) allowing percentage depletion. But petitioner did... | |
| United States - 1953 - 1744 pages
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (Iv) in the case of sulfur, ther by the decedent alone or in conjunction with...relinquished any such power in contemplation of his except that in no case shall the depletion allowance under section 23 (m) be less than it would be... | |
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