26 U.S.C. § 612
Section 612 · Basis for cost depletion
Amended 1 time on record
Applied in 16 court decisions — leading case Commissioner v. Engle (1984)
Most recently applied in 253 F. Supp. 2d 915 - Exxon Mobil Corp. v. United States (March 2003)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Except as otherwise provided in this subchapter, the basis on which depletion is to be allowed in respect of any property shall be the adjusted basis provided in section 1011 for the purpose of determining the gain upon the sale or other disposition of such property.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Cross References
Adjusted basis of mine or deposit, see section 616 of this title.
Adjustments to basis in respect of depletion, see section 1016 of this title.
Basis for depreciation, see section 167 of this title.
Basis of property as cost, see section 1012 of this title.