Page:United States Statutes at Large Volume 83.djvu/657

 83 STAT. ]

PUBLIC LAW 91-172-DEC. 30, 1969

629

TITLE V—ADJUSTMENTS AFFECTING INDIVIDUALS AND CORPORATIONS Subtitle A—Natural Resources SEC. 501. PERCENTAGE DEPLETION RATES. (a) CHANGE I N CERTAIN PERCENTAGE DEPLETION RATES.—Subsec-

tion (b) of section 613 (relating to percentage depletion) is amended \ l „ c -frvllrvWQ-

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^^^ Stat. 208; 80 Stat. 1579.

toreadastollows. ^, . 26 USC 613. »(b) PERCENTAGE DEPLETION RATES.—The mines, wells, and other natural deposits, and the percentages, referred to in subsection (a) are as follows: "(1)

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"(A) oil and gas wells; " (B) sulphur and uranium; and "(C) if from deposits in the United States—anorthosite, clay, laterite, and nephelite syenite (to the extent that alumina and aluminum compounds are extracted therefrom), asbestos, bauxite, celestite, chromite, corundum, fluorspar, graphite, ilmenite, kyanite, mica, olivine, quartz crystals (radio grade), rutile, block steatite talc, and zircon, and ores of the following metals: antimony, beryllium, bismuth, cadmium, cobalt, columbium, lead, lithium, manganese, mercury, molybdenum, nickel, platinum and platinum group metals, tantalum, thorium, tin, titanium, tungsten, vanadium, and zinc. "(2) 15 PERCENT—if from deposits in the United States— " (A) gold, silver, copper, and iron ore, and " (B) oil shale (except shale described in paragraph (5)).

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"(3) 14 PERCENT—

"(A) metal mines (if paragraph (1)(C) or (2)(A) does not apply), rock asphalt, and vermiculite; and " (B) if paragraph (1)(C), (5), or (6)(B) does not apply, ball clay, bentonite, china clay, sagger clay, and clay used or sold for use for purposes dependent on its refractory properties. "(4) 10 PERCENT—asbestos (if paragraph (1)(C) does not 'M>pl^y)^ brucite, coal, lignite, perlite, sodium chloride, and wollastonite. "('^) '^V2 PERCENT—clay and shale used or sold for use in the manufacture of sewer pipe or brick, and clay, shale, and slate used or sold for use as sintered or burned lightweight aggregates. " (6)

5 PERCENT—

" (A) gravel, peat, pumice, sand, scoria, shale (except shale described in paragraph (2)(B) or (5)), and stone except stone described in paragraph (7)); " (B) clay used, or sold for use, in the manufacture of drainage and roofing tile, flower pots, and kindred products; and "(C) if from brine wells—bromine, calcium chloride, and magnesium chloride. "(7) 14 PERCENT—all other minerals, including, but not limited to, aplite, barite, borax, calcium carbonates, diatomaceous earth, dolomite, feldspar, fullers earth, garnet, gilsonite, S^^nite, limestone, magnesite, magnesium carbonates, marble, mollusk shells (iiichiding clam shells and oyster shells), phosphate rock, potash, (|uartzite, slate, soapstone, stone (used or sold for use by the mine owner or operator as dimension stone or ornamental stone), thenardite, tripoli, trona, and (if paragraph (1)(C) does

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