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S 1570 111th Congress Senate Taxation Government trust funds Income tax deductions Land use and conservation Mining Solid waste and recycling Water quality

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2009

Introduced: August 4, 2009 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
Aug 4, 2009
Read twice and referred to the Committee on Finance.
Aug 4, 2009
Sponsor introductory remarks on measure. (CR S8767-8768)
Aug 4, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2009 - 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 50% of the additional revenues received due to the disallowance of the depletion allowance for hardrock mines 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 August 4, 2009

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1