Income tax. Income tax, individuals and corporations from whose property oil or gas is produced may deduct from gross income on account of depletion such percentage of fair market value as of Mar. 1, 1913, of oil or gas properties, if acquired prior to that date, or of cost of such properties if acquired subsequent to that date, as reduction in flow and production of year for which return is made is percentage of flow and production of previous year.
Publication Title:
Income tax. Income tax, individuals and corporations from whose property oil or gas is produced may deduct from gross income on account of depletion such percentage of fair market value as of Mar. 1, 1913, of oil or gas properties, if acquired prior to that date, or of cost of such properties if acquired subsequent to that date, as reduction in flow and production of year for which return is made is percentage of flow and production of previous year.
Display Title:
Income tax. Income tax, individuals and corporations from whose property oil or gas is produced may deduct from gross income on account of depletion such percentage of fair market value as of Mar. 1, 1913, of oil or gas properties, if acquired prior to that date, or of cost of such properties if acquired subsequent to that date, as reduction in flow and production of year for which return is made is percentage of flow and production of previous year.
Corporate Agency Authors:
Internal Revenue Commissioner
Sort Author:
Internal Revenue Commissioner
Date:
[1917.]
Publish Date ISO Format:
1917-01-01T00:00:00Z
Publication Start:
19170101
Publication End:
19171231
Corporate/Agency Author:
Internal Revenue Commissioner
Publication month:
13
Publication year:
1917
Description:
5 p.
Notes:
([Treasury decision] 2447.) [From Treasury decisions, v. 32, no. 8.]
Notes:
([Treasury decision] 2447.) [From Treasury decisions, v. 32, no. 8.] † Distribution Made by Issuing Office.