HR 3218
107th Congress
House
Taxation
Acid mine drainage
Coal
Economics and Public Finance
Environmental Protection
Government securities
Government trust funds
Groundwater pollution
Income tax
Infrastructure
Infrastructure (Economics)
Interest
Mine wastes
Personal income tax
Public Lands and Natural Resources
Reclamation of land
Research and development
Science, Technology, Communications
Sewage treatment plants
Tax credits
Abandoned Mine Land Area Redevelopment Act of 2001
Introduced: November 1, 2001
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 1, 2001
Introduced in House
Nov 1, 2001
Referred to the House Committee on Ways and Means.
Plain-English summary
Abandoned Mine Land Area Redevelopment Act of 2001 - Amends the Internal Revenue Code to allow a credit for holders of qualified abandoned mine land area redevelopment bonds, as specified. Sets forth rules and formulae concerning the annual credit (including limits and carryover), the applicable credit rate, bond issuance and redemption, the amount of bonds designated, and a national volume cap.
Includes the credit in gross income, to be treated as interest income. Permits the the credit to be stripped (owner of bond different from person entitled to the credit). Treats the allowed credit as a payment of estimated tax. Permits the credit to be transferred. Limits the program to ten years from the issuance of the first qualified abandoned mine land area redevelopment bond.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1