percentage depletion allowance

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732 documents for percentage depletion allowance

- Commissioner v. Engle,, 464 U.S. 206 (1984)
... major integrated oil companies, the percentage depletion allowance authorized as a deduction from...
- U.S. Supreme Court
- United States v. Swank, 451 U.S. 571 (1981)
... . Held:. The "percentage depletion" allowance under 611 and 613 of the Inte...
- U.S. Supreme Court
- 26 CFR 1.613A-3 - Exemption for independent producers and royalty owners.
... in section 613A(d) and 1.613A4, the allowance for depletion under section 611 with respect to oi... (i) of 1.613A7), and the applicable percentage (determined in accordance with the table in paragr...
- Code of Federal Regulations - Title 26: Internal Revenue

- Congressional Roll Call
Here's how U.S. senators voted on major issues in the week ending May 20. The House was in recess. OIL-INDUSTRY TAX BREAKS: Voting 52 for and 48 against, the Senate on May 17 failed to reach 60 votes needed to advance a Democratic- sponsored bill (S 940) to end several tax breaks for the five largest oil and gas companies, with the savings of $21 billion over ten years applied to deficit reduction. The bill would stop BP, Chevron, ConocoPhillips, ExxonMobil and Shell from taking advantage of a deduction originally designed to spur exports by U.S. manufacturing firms, not oil companies. This would save the Treasury $13 billion over ten years. The bill would save an additional $6.5 billion over ten years by ending what critics say is the companies' practice of disguising royalty payments ...

... costs rather than expenses; repeal the percentage-depletion allowance (but continue the cost- deplet...
- New Haven Register
- May 23, 2011
- Mother Lode Coalition Mines Co. v. Commissioner, 317 U.S. 222 (1942)
... in its 1935 income tax return for percentage depletion under 114(b)(4) of the . [Page 317 U.S. ... computed without regard to depletion allowance, and required that: 'A taxpayer making his first r...
- U.S. Supreme Court
- King Ranch, Inc., Plaintiff-Appellant, v. United States of America, Defendant-Appellee., 946 F.2d 35 (5th Cir. 1991)
... the Internal Revenue Code provides a percentage depletion allowance for natural gas sold under a f...
- Federal Circuits
- 26 CFR 1.613A-4 - Limitations on application of 1.613A3 exemption.
... to eliminate the effects of: (i) Any depletion with respect to an oil or gas property (other than... with respect to which the depletion allowance for all production is determined pursuant to sectiion 613A(b)) for which percentage depletion would exceed cost depletion in the absen...
- Code of Federal Regulations - Title 26: Internal Revenue
- Call Votes in the Past Week. (The House Was in Recess.)
Senate votes OIL-INDUSTRY TAX BREAKS

... costs rather than expenses; repeal the percentage-depletion allowance as a means of recovering capit...
- The Virginian-Pilot and The Ledger-Star, Norfolk, VA
- May 23, 2011
- Fred L. and Mary A. Engle, Petitioners-Appellants, v. Commissioner of Internal Revenue, Respondent-Appellee., 677 F.2d 594 (7th Cir. 1982)
... that they were not entitled to a percentage depletion allowance on two oil and gas leases for ...
- Federal Circuits
- Legislative Roll Call May 16 -- May 20
WASHINGTON -- Here's how U.S. senators voted on major issues in the week ending May 20. The House was in recess. Senate

... rather than expenses; repeal the percentage-depletion allowance (but continue the cost- deple...
- Evansville Courier & Press (2007-Current)
- June 28, 2011