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S. 44 · 108th Congress

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2003

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

RFD FeingoldSponsor
2 cosponsors · 2 D
MCD Cantwell FLD Lautenberg

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2003 - 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.

What it does: CRS summary · Introduced in Senate · Jan 7, 2003
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2003 - 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).

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2003

Latest action (Jan 7, 2003): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S49)

Policy area: Taxation · Origin: Senate · Introduced: Jan 7, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.