"The passage of the Internal Revenue Act of 1918, with its articles affecting mines and mining, ushered in a new field of activity for the mining engineer. With the final adoption of the Act in February 1919, it became evident that an immediate valuation would be required; not as of the present date but, in the case of older mines, as of a date six years before. This retroactive legislation brought confusion to the operator and taxed the ingenuity of the engineer. The law provided that the value of the property could be subtracted from the income tax returns, as a depletion allowance, until the value of the mine as of March, 1913 had been reached, after which no further allowances would be made unless a new mine was discovered. Most of the mines in the Oklahoma- Kansas district were not in existence in March 1913.
In an effort to gain a full understanding of the laws and to standardize methods of making the necessary estimates, the operators of the Tri-State District met with representatives of the Department of Internal Revenue and agreed upon the policy to be followed. The writer was engaged in this particular phase of work in the Tri-State District and was present when most of these discussions were carried on. This thesis is designed to give the student a clearer understanding of the methods of meeting depletion problems"--Introduction, page 1.
Mining and Nuclear Engineering
Professional Degree in Mining Engineering
Missouri School of Mines and Metallurgy
© 1935 Glenn A. Dooley, All rights reserved.
Thesis - Open Access
Library of Congress Subject Headings
Mines and mineral resources -- Taxation
Print OCLC #
Electronic OCLC #
Link to Catalog Record
Dooley, Glenn A., "Tax depletion problems of the Tri-State District" (1935). Professional Degree Theses. 305.
Relation between ground workings and developed areas
Dooley_Glenn_1935_1.tif (79297 kB)
Depletion per ton
Dooley_Glenn_1935_2.tif (50574 kB)
Depreciation per rock ton
Dooley_Glenn_1935_3.tif (36405 kB)
Market Price Slab Zinc St. Louis; Selling Price Zinc Joplin; Smelter Spread
Dooley_Glenn_1935_4.tif (93411 kB)
Relation between profit recovery – selling price on the basis of $200 operating cost
Dooley_Glenn_1935_5.tif (52124 kB)
Relation between cost-recovery and actual operating cost per rock ton