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Title: Revenue ruling 73-538: the service's assault on percentage depletion for ''D'' miners

Abstract

In this article, the author examines the Internal Revenue Service's ruling that storage and loading for shipment at the mine site are nonmining processes for ores and minerals described in section 613(c)(4)(D) of the Internal Revenue Code. He explains the tax consequences of the ruling and discusses the correctness of the position taken by the Internal Revenue Service in light of the relevant case law and the language and legislative history of the statute. The effect of the ruling is to reduce the percentage depletion deduction available to many miners of ores and minerals described in section 613(c)(4)(D), including miners of lead, zinc, copper, gold, silver, uranium, fluorspar, potash, soda ash, garnet and tungsten. (JMT)

Authors:
Publication Date:
Research Org.:
Baker and Hostetler, Denver, CO
OSTI Identifier:
5221597
Resource Type:
Journal Article
Journal Name:
Land Water Law Rev.; (United States)
Additional Journal Information:
Journal Volume: 18:1
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; COPPER ORES; DEPLETION ALLOWANCES; GOLD ORES; LEAD ORES; SILVER ORES; TUNGSTEN ORES; URANIUM ORES; US IRS; REGULATIONS; ZINC ORES; HISTORICAL ASPECTS; LEGAL ASPECTS; LOADING; MINING; STORAGE; TAX LAWS; LAWS; MATERIALS HANDLING; NATIONAL ORGANIZATIONS; ORES; US DEPARTMENT OF TREASURY; US ORGANIZATIONS; 290400* - Energy Planning & Policy- Energy Resources; 290200 - Energy Planning & Policy- Economics & Sociology

Citation Formats

Barnes, D A. Revenue ruling 73-538: the service's assault on percentage depletion for ''D'' miners. United States: N. p., 1983. Web.
Barnes, D A. Revenue ruling 73-538: the service's assault on percentage depletion for ''D'' miners. United States.
Barnes, D A. 1983. "Revenue ruling 73-538: the service's assault on percentage depletion for ''D'' miners". United States.
@article{osti_5221597,
title = {Revenue ruling 73-538: the service's assault on percentage depletion for ''D'' miners},
author = {Barnes, D A},
abstractNote = {In this article, the author examines the Internal Revenue Service's ruling that storage and loading for shipment at the mine site are nonmining processes for ores and minerals described in section 613(c)(4)(D) of the Internal Revenue Code. He explains the tax consequences of the ruling and discusses the correctness of the position taken by the Internal Revenue Service in light of the relevant case law and the language and legislative history of the statute. The effect of the ruling is to reduce the percentage depletion deduction available to many miners of ores and minerals described in section 613(c)(4)(D), including miners of lead, zinc, copper, gold, silver, uranium, fluorspar, potash, soda ash, garnet and tungsten. (JMT)},
doi = {},
url = {https://www.osti.gov/biblio/5221597}, journal = {Land Water Law Rev.; (United States)},
number = ,
volume = 18:1,
place = {United States},
year = {Sat Jan 01 00:00:00 EST 1983},
month = {Sat Jan 01 00:00:00 EST 1983}
}