 | United States. Supreme Court - 1940 - Страниц: 894
...'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 the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or incurred by the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - Страниц: 414
...FOR OIL AND GAS WELLS.— In the case of oil and gas wells the allowance for depletion shall be 27 Yi per centum of the gross income from the property during...not exceed 50 per centum of the net income of the taxpajrer (computed without allowance for depletion) from the property, except that in no case shall... | |
 | Eric Louis Kohler - 1927 - Страниц: 618
...disproportionate to the cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - Страниц: 1034
...added to read as follows: "(3) in (be ease "I coal mine-- the allowance for depletion shall be six per centum of the gross income from the property during...the taxable year. Such allowance shall not exceed fifty per centum of the net income of the taxpayer (computed without allowance for depletion) from... | |
 | Harrison B. Spaulding - 1927 - Страниц: 336
...gross income from the property during the taxable year. The allowance, however, may not exceed 50 % of the net income of the taxpayer (computed without...allowance for depletion) from the property, except that the taxpayer may claim depletion in the ordinary way, ie on the basis of cost, or value as of March... | |
 | Paul-Joseph Esquerré - 1927 - Страниц: 392
...to discovery value. In the case of oil and gas wells, the allowance for depletion shall be 27 1 /* per centum of the gross income from the property during the taxable year. . . . It is, of course, possible that in certain cases the rates indicated above recover more land... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - Страниц: 1032
...added to read as follows: "(3) In the ca.se of coal mines the allowance for depletion shall !»> six per centum of the gross income from the property during the taxable year. Stu-h allowance shall not exceed lifly I«T centum of the net income of the taxpayer (computed without... | |
 | United States - 1928 - Страниц: 1164
...disproportionate to the cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than... | |
 | United States - 1928 - Страниц: 268
...FOB OIL AND GAS WELLS. — In the case of oil and gas wells the allowance for depletion shall be 27% per centum of the gross income from the property during the taxable year. Such allowance shall riot exceed 50 per centum of the net income of the taxpayer (computed without allowance for depletion)... | |
 | Robert Hiester Montgomery - 1927 - Страниц: 1510
...disproportionate to the cost. The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the...without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than... | |
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... gross income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or incurred by the taxpayer in respect of the property. Such allowance shall not exceed 50 per centum of the net... 
