 | United States. Supreme Court - 1940 - 894 էջ
...'That section provided: "In the case of oil and gas wells the allowance for depletion shall be 27 J /2 per centum of the gross income from the property during...income of the taxpayer (computed without allowance for deple-' tion) from the property, except that in no case shall the depletion allowance be less than... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 էջ
...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...income of the taxpayer (computed without allowance for depiction) from the property, except that in no case shall the depletion allowance for the taxable... | |
 | United States. Board of Tax Appeals - 1934 - 1512 էջ
...footnote No. 1), except that the Revenue Act of 1932 added at the close of the first sentence the phrase " excluding from such gross income an amount equal to...incurred by the taxpayer in respect of the property." It has been the consistent practice of petitioner since its organization to elect to deduct from its... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 էջ
...— In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27i/4 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 if... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 էջ
...— 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... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 էջ
...— 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... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 էջ
...ar.d quantify that th«-v rr.-iM If separately n.ir.ed a'.d marketed at a profit. 23 (m) shall be 27y2 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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... (3) PERCENTAGE DEPLETION FOR OIL AND GAS 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 the taxable year, excluding from such gross... 
