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

Journal Article · Sat Jan 01 04:00:00 EST 1983 · Land Water Law Rev.; (United States)

OSTI ID:5221597

Barnes, D A

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)

• Research Organization: Baker and Hostetler, Denver, CO
• OSTI ID: 5221597
• Journal Information: Land Water Law Rev.; (United States), Journal Name: Land Water Law Rev.; (United States) Vol. 18:1; ISSN LWLRD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290400* -- Energy Planning & Policy-- Energy Resources
COPPER ORES
DEPLETION ALLOWANCES
GOLD ORES
HISTORICAL ASPECTS
LAWS
LEAD ORES
LEGAL ASPECTS
LOADING
MATERIALS HANDLING
MINING
NATIONAL ORGANIZATIONS
ORES
REGULATIONS
SILVER ORES
STORAGE
TAX LAWS
TUNGSTEN ORES
URANIUM ORES
US DEPARTMENT OF TREASURY
US IRS
US ORGANIZATIONS
ZINC ORES