Primary Product from Gas [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.907(c)-1 (d) (5) [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter A Income Tax; Part 1 Income Taxes; Normal Taxes and Surtaxes; Tax Based on Income from Sources within or without the United States; Income from Sources without the United States; Foreign Tax Credit], the term Primary Product from Gas means “all gas and associated hydrocarbon components from gas wells or oil wells, whether recovered at the lease or upon further processing, including natural gas, condensates, liquefiable petroleum gases (such as ethane, propane, and butane), and liquid products (such as natural gasoline).”
Legal Definition list
- Primary Product from Gas [Internal Revenue]
- Primary National Subdivision of Federal Labor Relations Agency
- Primary Mortgage Servicer
- Primary Mode of Action
- Primary Meeting
- Primary Product from Oil [Internal Revenue]
- Primary Provider
- Primary Qualifying Agent
- Primary Recipient [Education]
- Primary Residence
- Primary Residential Parent
Related Legal Terms
- Abandoned Well (Oil and Gas)
- Abandonment Allowance (Oil and Gas)
- ABC Transaction [Oil & Gas]
- Absolute Ownership (Oil and Gas)
- Accumulation plan [Internal Revenue]
- Act to Prevent Pollution from Ships
- Actuarial Present Value [Internal Revenue]
- Adjustment [Oil and Gas]
- Advertising of Fluid Milk Products
- Agricultural Product
