Revenue Bill: Hearings Before the Committee on Ways and Means, House of Representatives with Reference to the New Revenue Bill. Sixty-fifth Congress, Second Session

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Page 696 - States arising out of its use or employment in the business or trade; (a) in the case of oil and gas wells a reasonable allowance for actual reduction in flow and production to be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market value in the mine of the product thereof which has been mined and sold during the year for which the return and computation are made, such reasonable...
Page 695 - ... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business...
Page 696 - ... all losses actually sustained within the year and not compensated by insurance or otherwise...
Page 733 - An Act to provide revenue to defray war expenses, and for other purposes...
Page 696 - ... of the product thereof which has been mined and sold during the year for which the return and computation are made, such reasonable allowance to be made in the case of both (a) and (b) under rules and regulations to be prescribed by the Secretary of the Treasury: Provided, That when the allowance authorized in (a) and (b) shall equal the capital originally invested, or in case of purchase made prior to March first, nineteen hundred and thirteen, the fair market value as of that date, no further...
Page 727 - ... on a regular established line when in competition with carriers by rail or water, from one point in the United States to another or to any point in Canada or Mexico, where the ticket...
Page 727 - November, nineteen hundred and seventeen, there shall be levied, assessed, collected, and paid (a) a tax equivalent to three per centum of the amount paid for the transportation by rail or water or by any form of mechanical motor power when in competition with carriers by rail or water of property by freight consigned from one point in the United States to another...
Page 743 - Mr. STAPLES. There is only one other thing that I want to say, and that is that I heard here on Friday one of the representatives of the American refiners make the statement that the advantage to the offshore refiners was 0.9 cent a pound in the tariff. I think that is the statement made. I have not seen the record. That is really only an advantage of 0.009 of a cent per...
Page 714 - I want to put to you the same question I put to Mr. Hughes a little while ago, and I would like you, as the chairman of the executive committee of the National Confectioners...
Page 726 - STATEMENT OF HON. LINDLEY H. HADLEY, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF WASHINGTON Mr. HADLEY.

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