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S 115 107th Congress Senate

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2001

Official title: A bill to amend the Internal Revenue Code of 1986 to repeal the percentage depletion allowance for certain hardrock mines, and for other purposes.

Introduced: May 4, 2001 See on congress.gov
Taxation Agriculture and FoodBusiness income taxCommerceDepletion allowances
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Economics and Public FinanceEnergyEnvironmental ProtectionGovernment trust fundsIncome taxLand subsidenceMine wastesMineral industriesMines and mineral resourcesMining claimsPublic Lands and Natural ResourcesReclamation of landRevegetationSedimentationSoil erosionStrip miningTax deductionsWater pollution control
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 22, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S387)
Jan 22, 2001
Sponsor introductory remarks on measure. (CR S386-387)
Jan 22, 2001
Introduced in Senate
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 Latest action January 22, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S387)

 Plain-English summary Congressional Research Service
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2001 - 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).
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Cantwell, Maria
Washington · May 4, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). S. 115: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-115/
MLA
"S. 115: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-115/.
Bluebook (legal)
S. 115, 107th Cong. (2026), https://openamerica.io/bill/107-S-115/.
Markdown link
[S. 115: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2001](https://openamerica.io/bill/107-S-115/)
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