 | United States. Internal Revenue Service - Natural gas - 1919 - 168 pages
...214' (a) and 234 (a) of the Revenue Act of 1918, statethat in the case of mines, oil and gas wells, discovered by the taxpayer on or after March 1, 1913, and not acquired as a result of purchase of a proven tract or lease, where the fair market value of the property is materially... | |
 | Ewell D. Moore - Taxation - 1919 - 44 pages
...it), on that date will be taken in lieu of cost up to that date. In case of mines, oil and gas wells, discovered by the taxpayer on or after March 1, 1913, and not acquired by purchase of a proven tract or lease, where the fair market value is materially disproportionate... | |
 | United States - Law - 1921 - 642 pages
...up to that date: Provided further, That in the case of mines, oil and gas Discovered thereatwells, discovered by the taxpayer, on or after March 1, 1913, and not ter" acquired as the result of purchase of a proven tract or lease, where the fair market value of... | |
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...taken in lieu of cost up to that date: Provided further, That in the case of mines, oil and gas wells, discovered by the taxpayer, on or after March 1, 1913,...not acquired as the result of purchase of a proven ni tract or lease, where the fair market value of the property is materially disproportionate to the... | |
 | Earl Bryan Schwulst - Agricultural credit - 1927 - 386 pages
...I, 1913, the fair market value must be determined as of that date. In the case of oil or gas wells discovered by the taxpayer on or after March 1, 1913, and not acquired as the result of purchase of a proved tract or lease, where the fair market value is disproportionate to the cost, the fair market... | |
 | United States. Board of Tax Appeals - Taxation - 1929 - 1592 pages
...taken in lieu of cost up to that date: Provided further, That in the case of mines, oil and gas wells, discovered by the taxpayer, on or after March 1, 1913, and not acquired us the result of purchase of a proven tract or lease, where the fair market value of the property is... | |
 | United States. Congress. Joint Economic Committee - Taxation - 1955 - 962 pages
...development, and therefore the Revenue Act of 1918 provided — that in the case of mines, oil and pas wells, discovered by the taxpayer, on or after March 1, 1913, and not acquired ns the result of purchase of a proven tract or lease, where the fair market value of the property is... | |
 | United States. Congress. Senate. Committee on Finance - 1969 - 1532 pages
...cost or the March 1, 1913 value, but in addition provided also for discovery depletion with respect to mines "discovered by the taxpayer on or after March 1, 1913 and not acquired as a result of purchase of a proven tract or lease, where the fair market value of the property is materially... | |
| |
March 1, 1913, and not acquired as a result of purchase of a proven tract or lease, where the fair market value of the property is materially disproportionate to the cost, the depletion allowance shall be based upon the fair... 