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S 2287 110th Congress Senate Taxation Agriculture and Food Commerce Depletion allowances Economics and Public Finance Energy Environmental Protection Government trust funds Income tax Land subsidence Mine wastes Mines and mineral resources Mining claims Public Lands and Natural Resources Reclamation of land Revegetation Sedimentation Soil erosion Strip mining Tax deductions

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007

Introduced: November 1, 2007 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
Nov 1, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13688-13689)
Nov 1, 2007
Sponsor introductory remarks on measure. (CR S13687-13688)
Nov 1, 2007
Introduced in Senate
 Plain-English summary Congressional Research Service

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007 - 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 in the Treasury the Abandoned Mine Reclamation Trust Fund. Appropriates to such Fund amounts equal to 25% of the additional revenues received due to the disallowance of the depletion allowance for hardrock mines proposed by this Act. 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 minerals).

What's happening now November 1, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13688-13689)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1