S. 534 · 109th Congress
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
FeingoldSponsor1 cosponsor · 1 D
0 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 2005 - 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.
What it does: CRS summary · Introduced in Senate · Mar 7, 2005
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2005 - 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 percent 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).
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 2005
Latest action (Mar 7, 2005): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2150)
Policy area: Taxation · Origin: Senate · Introduced: Mar 7, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.