such group may be excluded from the application of the provisions of subchapter K under the rules set forth in paragraph (b) of this section.
such group may be excluded from the application of the provisions of subchapter K under the rules set forth in paragraph (b) of this section. However, the preceding sentence does not apply to any unincorporated organization one of whose principal purposes is cycling, manufacturing, or processing for persons who are not members of the organization. In addition, except as provided in paragraph (d)(2)(i) of this section, this paragraph (a)(3) does not apply to any unincorporated organization that produces natural gas under a joint operating agreement, unless all members of the unincorporated organization comply with paragraph (d) of this section.
1995 | 1996 | 1997 | 1998 | 1999 | 2000 | |
L | 720 | 480 | 600 | -0- | -0- | -0- |
M | 240 | 60 | 120 | 160 | 80 | 40 |
1995 | 1996 | 1997 | 1998 | 1999 | 2000 | |
L | 720 | 480 | 600 | 60 | 60 | -0- |
M | 240 | 60 | 120 | 60 | 60 | 40 |
26 C.F.R. §1.761-2