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" 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... "
Federal Income, Estate and Gift Tax Laws, Correlated - Page 268
by United States, Walter Elbert Barton - 1944 - 1242 pages
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Revenue Act of 1942. Hearings ... on H.R. 7378

United States U.S. Congress. Senate. Committee on finance - 1942
...mines, 5 per centum, in the case of metal mines, fluorspar mines, and rock asphalt mines or deposits, 15 per centum, and, in the case of sulphur mines or...excluding from such gross income an amount equal to any reuts or royalties paid or incurred by the taxpayer in respect of the property. Such allowance shall...
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Individual Income Tax Provisions of the Internal Revenue Code: Applicable to ...

United States. Congress. Joint Committee on Internal Revenue Taxation - 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

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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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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Individual Income Tax Provisions of the Internal Revenue Code: Applicable to ...

United States. Congress. Joint Committee on Internal Revenue Taxation - 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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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 326

United States. Supreme Court - 1946
... 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. . . ." KIRBY PETROLEUM CO. v. COMM'R. 601 599 Opinion of the Court. allowance of 27Va per centum of...
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Reports of the Tax Court of the United States, Volume 11

United States. Tax Court - 1949
...of coal mines, B per centum, In the case of metal mines, 15 per centum, and, In the case of sulphnr mines or deposits, 23 per centum, of the gross Income...without allowance for depletion) from the property. A taxpayer making his first return under this chapter in respect of a property shall state whether...
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Revenue Act of 1951: Hearings Before the Committee on Finance, United States ...

United States. Congress. Senate. Committee on Finance - 1951 - 2624 pages
...metallurgical grade limestone, and chemical grade limestone, 15 per centum, and "(iv) in the case of sulfur, 23 per centum, of the gross income from the property...incurred by the tax-payer in respect of the property." (b) TECHNICAL AMENDMENT. So much of paragraph (2) of section 114 (b) as precedes "discovered by...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 350

United States. Supreme Court - 1956
...WELLS. 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...
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Internal Revenue Bulletin

United States. Internal Revenue Service - 1956
...wells. In the case of oil and gas wells th allowance for depletion under section 23 (ml shall be 27% per centum of the gross Income from the property during...respect of the property. Such allowance shall not exceed 80 per centum of the net Income of the taxpayer (eomSuted without allowance for depletion) from the...
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