Public-domain · open source
OpenJurist

marginal production

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 613A — in this section

The term “marginal production” means domestic crude oil or domestic natural gas which is produced during any taxable year from a property which—

(i) is a stripper well property for the calendar year in which the taxable year begins, or

(ii) is a property substantially all of the production of which during such calendar year is heavy oil.