Treasury Regulations · 26 CFR
§ 1.613A-1. Post-1974 limitations on percentage depletion in case of oil and gas wells; general rule.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 613A
Cite as 26 CFR § 1.613A-1
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- May 13, 1977 by T.D. 7487
- Issued under
- 26 U.S.C. § 613A
- Length
- 147 words · about 1 min to read
- Cross-references
- cites 3 Code sections and 0 regulations; cited by 2
Except as otherwise provided in section 613A and the regulations thereunder, in the case of oil or gas which is produced after December 31, 1974, and to which gross income from the property is attributable after such year, the allowance for depletion under section 611 with respect to any oil or gas well shall be computed without regard to section 613. In the case of a taxable year beginning before January 1, 1975, and ending after that date, the percentage depletion allowance (but not the cost depletion allowance) with respect to oil and gas wells for such taxable year shall be determined by treating the portion thereof in 1974 as if it were a short taxable year for purposes of section 613 and the portion thereof in 1975 as if it were a short taxable year for purposes of section 613A.
[T.D. 7487, 42 FR 24264, May 13, 1977]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
- § 613A Limitations on percentage depletion in case of oil and gas wells
- § 611 Allowance of deduction for depletion
- § 613 Percentage depletion
Cited by 2 other regulations
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 7487 (42 FR 24264)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Natural Resources
Nearby sections
- § 1.613-5 Taxable income from the property.
- § 1.613-6 Statement to be attached to return when depletion is claimed on percentage basis.
- § 1.613-7 Application of percentage depletion rates provided in section 613(b) to certain taxable years ending in 1954.
- § 1.613A-0 Limitations on percentage depletion in the case of oil and gas wells; table of contents.
- § 1.613A-1 Post-1974 limitations on percentage depletion in case of oil and gas wells; general rule.
- § 1.613A-2 Exemption for certain domestic gas wells.
- § 1.613A-3 Exemption for independent producers and royalty owners.
- § 1.613A-4 Limitations on application of § 1.613A-3 exemption.
- § 1.613A-5 Election under section 613A(c)(4).