Reich, A. E. et al. vs Commissioner of Internal Revenue and G. D. Rowan et al. vs Commissioner of Internal Revenue. U. S. Court of Appeals, Ninth Circuit. January 21, 1972. [Judicial interpretation of IRS tax regulations relative to depletion allowance for geothermal well drilling and development; 26 CFR 1. 263(c), 1. 611(a), and 1. 613(b)]
Journal Article
·
· Fed. Rep.; (United States)
OSTI ID:5198565
From decisions of the tax court, 52 T.C. 700, favorable to taxpayers, an appeal was taken. The Court of Appeals, Wright, Circuit Judge, held that taxpayers' reserves of geothermal steam constituted an exhaustible natural resource and that geothermal steam was a ''gas'' within meaning of Internal Revenue Code provisions for percentage depletion deduction for intangible costs of drilling and developing oil and gas wells.
- OSTI ID:
- 5198565
- Journal Information:
- Fed. Rep.; (United States), Journal Name: Fed. Rep.; (United States) Vol. 2:454
- Country of Publication:
- United States
- Language:
- English
Similar Records
Reich, Arthur E. and Carolyn C. Reich vs Commission of Internal Revenue, U. S. Tax Court, July 31, 1969. [Depletion allowances for intangible costs of drilling and developing geothermal steam wells]
United States of America v. Union Oil Company of California, et al. Appeal from the United States District Court for the Northern District of California
Reich case: economic implications of depletion allowances
Journal Article
·
Tue Dec 31 23:00:00 EST 1968
· Tax Court Rep.; (United States)
·
OSTI ID:5198531
United States of America v. Union Oil Company of California, et al. Appeal from the United States District Court for the Northern District of California
Journal Article
·
Sun Oct 31 23:00:00 EST 1976
· Bull., Geotherm. Resour. Counc. (Davis, Calif.); (United States)
·
OSTI ID:6266151
Reich case: economic implications of depletion allowances
Journal Article
·
Tue Dec 31 23:00:00 EST 1974
· Geothermics; (United States)
·
OSTI ID:7343854
Related Subjects
15 GEOTHERMAL ENERGY
150400* -- Geothermal Energy-- Legislation & Regulations
150500 -- Geothermal Energy-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
299002 -- Energy Planning & Policy-- Geothermal-- (-1989)
CASE LAW
DEPLETION ALLOWANCES
DRILLING
ENERGY
ENERGY SOURCES
EXPLORATION
FINANCIAL INCENTIVES
FLUIDS
GASES
GEOTHERMAL ENERGY
GEOTHERMAL EXPLORATION
GEOTHERMAL FLUIDS
GEOTHERMAL WELLS
GOVERNMENT POLICIES
LAWS
LEGAL ASPECTS
NATIONAL ORGANIZATIONS
NATURAL STEAM
REGULATIONS
RENEWABLE ENERGY SOURCES
STEAM
TAXES
US IRS
US ORGANIZATIONS
WELL DRILLING
WELLS
150400* -- Geothermal Energy-- Legislation & Regulations
150500 -- Geothermal Energy-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
299002 -- Energy Planning & Policy-- Geothermal-- (-1989)
CASE LAW
DEPLETION ALLOWANCES
DRILLING
ENERGY
ENERGY SOURCES
EXPLORATION
FINANCIAL INCENTIVES
FLUIDS
GASES
GEOTHERMAL ENERGY
GEOTHERMAL EXPLORATION
GEOTHERMAL FLUIDS
GEOTHERMAL WELLS
GOVERNMENT POLICIES
LAWS
LEGAL ASPECTS
NATIONAL ORGANIZATIONS
NATURAL STEAM
REGULATIONS
RENEWABLE ENERGY SOURCES
STEAM
TAXES
US IRS
US ORGANIZATIONS
WELL DRILLING
WELLS