 | United States. Tax Court - 1945 - 1364 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...amount equal to any rents or royalties paid or incurred 6y the taxpayer in respect of the property. » • « [Emphasis supplied.] The applicable Treasury... | |
 | United States. Tax Court - 1948 - 1184 pages
...be, In the case of coal mines, 5 per centum • • • of the gross income from the property daring the taxable year, excluding from such gross Income...Incurred by the taxpayer In respect of the property. Such allowance shall not exceed 50 per centum of the net Income of the taxpayer (computed without allowance... | |
 | United States. Internal Revenue Service - 1975 - 804 pages
...depletion shall be the percentage of the gross income from the property specified in section 613(b), excluding from such gross income an amount equal to...incurred by the taxpayer in respect of the property. Such allowances shall not exceed 50 percent of the taxpayer's taxable income from the property (computed... | |
 | United States. Internal Revenue Service - 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...incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed... | |
 | United States. Internal Revenue Service - 1977
...section 611 shall be the percentage, specified in subsection (h), of the gross income from the property excluding from such gross income an amount equal to...incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed... | |
 | United States. Tax Court - 1970 - 1868 pages
...grade limestone, chemical grade limestone, and potash, 15 per centum, and (Ir) In the case of sulfur, 23 per centum, of the gross Income from the property...incurred by the taxpayer in respect of the property. Such allowance shall not exceed SO per centum of the net Income of the taxpayer (computed without allowance... | |
 | United States. Tax Court - 1988 - 1416 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...incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed... | |
 | United States. Tax Court - 1970 - 1228 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...Incurred by the taxpayer In respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable Income from the property (computed... | |
 | 1972 - 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...incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed... | |
 | 1971 - 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...Incurred by the taxpayer In respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable Income from the property (computed... | |
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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... 
