Treasury Regulations (26 C.F.R.)
26 CFR § 1.613A-1
Post-1974 limitations on percentage depletion in case of oil and gas wells; general rule.
Except as otherwise provided in section 613A and the regulations thereunder, in the case of oil or gas which is produced after December 31, 1974, and to which gross income from the property is attributable after such year, the allowance for depletion under section 611 with respect to any oil or gas well shall be computed without regard to section 613. In the case of a taxable year beginning before January 1, 1975, and ending after that date, the percentage depletion allowance (but not the cost depletion allowance) with respect to oil and gas wells for such taxable year shall be determined by treating the portion thereof in 1974 as if it were a short taxable year for purposes of section 613 and the portion thereof in 1975 as if it were a short taxable year for purposes of section 613A.
[T.D. 7487, 42 FR 24264, May 13, 1977]
Source: view the official text
In this part (40 sections)
- 1.601-1 · Special deduction for bank affiliates.
- 1.611-0 · Regulatory authority.
- 1.611-1 · Allowance of deduction for depletion.
- 1.611-2 · Rules applicable to mines, oil and gas wells, and other…
- 1.611-3 · Rules applicable to timber.
- 1.611-4 · Depletion as a factor in computing earnings and profits for…
- 1.611-5 · Depreciation of improvements.
- 1.612-1 · Basis for allowance of cost depletion.
- 1.612-2 · Allowable capital additions in case of mines.
- 1.612-3 · Depletion; treatment of bonus and advanced royalty.
- 1.612-4 · Charges to capital and to expense in case of oil and gas…
- 1.612-5 · Charges to capital and to expense in case of geothermal wells.
- 1.613-1 · Percentage depletion; general rule.
- 1.613-2 · Percentage depletion rates.
- 1.613-3 · Gross income from the property.
- 1.613-4 · Gross income from the property in the case of minerals other…
- 1.613-5 · Taxable income from the property.
- 1.613-6 · Statement to be attached to return when depletion is claimed…
- 1.613-7 · Application of percentage depletion rates provided in section…
- 1.613A-0 · Limitations on percentage depletion in the case of oil and…
- 1.613A-1 · Post-1974 limitations on percentage depletion in case of oil…
- 1.613A-2 · Exemption for certain domestic gas wells.
- 1.613A-3 · Exemption for independent producers and royalty owners.
- 1.613A-4 · Limitations on application of § 1.613A-3 exemption.
- 1.613A-5 · Election under section 613A(c)(4).
- 1.613A-6 · Recordkeeping requirements.
- 1.613A-7 · Definitions.
- 1.614-0 · Introduction.
- 1.614-1 · Definition of property.
- 1.614-2 · Election to aggregate separate operating mineral interests…
- 1.614-3 · Rules relating to separate operating mineral interests in the…
- 1.614-4 · Treatment under the Internal Revenue Code of 1939 with…
- 1.614-5 · Special rules as to aggregating nonoperating mineral…
- 1.614-6 · Rules applicable to basis, holding period, and abandonment…
- 1.614-7 · Extension of time for performing certain acts.
- 1.614-8 · Elections with respect to separate operating mineral…
- 1.615-1 · Pre-1970 exploration expenditures.
- 1.615-2 · Deduction of pre-1970 exploration expenditures in the year…
- 1.615-3 · Election to defer pre-1970 exploration expenditures.
- 1.615-4 · Limitation of amount deductible.