### Question
How is the "adjusted income from mineral, oil, and gas royalties" defined?


### Answer
The term **adjusted income from mineral, oil, and gas royalties** is defined in *26 U.S.C. § 543* as follows -

> the gross income from mineral, oil, and gas royalties (including production payments and overriding royalties), reduced by the amount subtracted under paragraph (2)(B) of this subsection in respect of such royalties

#### Citation:
  - *26 U.S.C. § 543*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter G-Corporations Used to Avoid Income Tax on Shareholders > PART II-PERSONAL HOLDING COMPANIES**

