Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
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).
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13688-13689)
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2287: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2287/
"S. 2287: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2287/.
S. 2287, 110th Cong. (2026), https://openamerica.io/bill/110-S-2287/.
[S. 2287: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007](https://openamerica.io/bill/110-S-2287/)