 | United States. Congress. House. Committee on Ways and Means - 1958 - 1176 pages
...natural deposits listed in subsection (b), the allowance for depletion under section 611 shall be the percentage, specified in subsection (b), of the gross...royalties paid or Incurred by the taxpayer in respect to the property. Such allowance shall not exceed 50 percent of the taxpayer's taxable income from the... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1174 pages
...the allowance for depletion under section 611 shall be the percentage, specified in subsection (6), of the gross income from the property excluding from such gross income an amount e<iual to any rents or royalties paid or incurred by the taxpayer in respect of the property. Such... | |
 | United States. Congress. House. Committee on Ways and Means - 1958 - 1168 pages
...section 611 shall be lercentage, specified in subsection (6), of the gross income from the property iding from such gross income an amount equal to any rents or royalties or incurred by the taxpayer In respect of the property. Such allowance shall ixceed 50 percent of the... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 332 pages
...natural deposits listed in subsection (b), the allowance for depletion under section 611 shall be the percentage, specified in subsection (b), of the gross...of the taxpayer's taxable income from the property .J (computed without allowance for depletion). In no case shall the allowance for depletion under section... | |
 | United States. Tax Court - 1959 - 1372 pages
...section 23 (m) shall be 27 Vi per centum of the grow Income from the property during the taxable year, excluding from such gross Income an amount equal to...of the property. Such allowance shall not exceed 50 per centum of the net Income of the taxpayer (computed without allowance for depletion) from the property,... | |
 | United States. Tax Court - 1959 - 1410 pages
...section 23 (m) shall be 27H l"'r centum of the gross Income from the property during the taxable year, excluding from such gross Income an amount equal to...rents or royalties paid or Incurred by the taxpayer In ren|>ect of the property. Such allowance shall not exceed 50 per centum of the net Income of the taxpayer... | |
 | United States. Tax Court - 1961 - 1178 pages
...ground, the basis for disputes had not been eliminated — it shifted in focus to the interpretation specified in subsection (b), of the gross Income from...respect of the property. Such allowance shall not exceed SO percent of the taxpayer's taxable Income from the property (computed without allowance for depletion).... | |
 | United States. Tax Court - 1961 - 1188 pages
...••••• * of the gross Income from the property during the taxable year, excluding from Buch gross income an amount equal to any rents or royalties paid or incurred by tbe taxpayer in respect of the property. Such allowance shall not exceed 50 per centum of the net Income... | |
 | United States. Tax Court - 1962 - 1262 pages
...natural deposits listed In subsection (b), the allowance for depletion under section Oil shall be the percentage, specified In subsection (b), of the gross...equal to any rents or royalties paid or Incurred by tbe taxpnyer In respect of the property. Such allowance shall not exceed 50 percent of the taxpayer's... | |
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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 the taxable year, excluding from such gross income an amount equal to any rents or royalties paid... 
