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S 590 106th Congress Senate Taxation Agriculture and Food Business income tax Commerce Depletion allowances Economics and Public Finance Energy Environmental Protection Government trust funds Income tax Land subsidence Mine wastes Mineral industries Mines and mineral resources Mining claims Public Lands and Natural Resources Reclamation of land Revegetation Sedimentation Soil erosion

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 1999

Introduced: March 11, 1999 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 11, 1999
Read twice and referred to the Committee on Finance.
Mar 11, 1999
Sponsor introductory remarks on measure. (CR S2578-2579)
Mar 11, 1999
Introduced in Senate
 Plain-English summary Congressional Research Service

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 1999 - Amends the Internal Revenue Code to disallow the percentage depletion allowance for hardrock mines located on land currently subject to the general mining laws, or on land patented under such laws. Establishes the Abandoned Mine Reclamation Trust fund in the Treasury. Appropriates to such Fund amounts equal to 25 percent of the additional revenues received by reason of the above change in the percentage depletion allowance. Prescribes guidelines under which such fund shall be available to the Secretary of the Interior for reclamation and restoration of lands and water resources adversely affected by mineral and mineral material mining (excluding coal and fluid materials).

What's happening now March 11, 1999

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1