...Income from the property during the taxable year, excluding from such gross income nn amount e<]iial to any rents or royalties paid or incurred by the...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 computed...

...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...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed without allowance for depletion)....

...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...of the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the property (computed without allowance for depletion)....

...from the property during the taxable year, excluding from such gross income an amount equal to nny rents or royalties paid or incurred by the taxpayer...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 computed...

...the property during the taxable year, excluding from such gross income an amount equal to any reuts or royalties paid or incurred by the taxpayer in respect...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 computed...

...deposits, 15 per centum, and in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...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 computed...

...deposits, 15 per centum, and in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year,...incurred by the taxpayer in respect of the property." (b) DISCOVERY VALUE. — Section 114 (b) (2) (relating to discovery value) is amended by inserting...

...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,...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 computed...

...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,...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 computed...

...chemical grade limestone, 15 per centum, and "(iv) in the case of sulfur, 23 per centum, of the gross income from the property during the taxable year,...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...