3.0.0 2287 2023-01-11T14:50:59Z 2023-01-11T14:50:59Z Senate S S 2007-11-01 110 ssfi00 Finance Committee Senate Standing Referred to 2007-11-01T17:52:59Z 2007-11-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13688-13689) IntroReferral 2007-11-01 Sponsor introductory remarks on measure. (CR S13687-13688) IntroReferral B00100 9 Library of Congress 2007-11-01 Introduced in Senate IntroReferral 10000 9 Library of Congress F000061 Sen. Feingold, Russell D. [D-WI] RUSSELL FEINGOLD D WI D. N C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2007-11-01 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2007-11-01 True 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 Water pollution control Taxation 00 2007-11-01 Introduced in Senate 2007-11-07T21:19:36Z 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).

]]> Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007 Display Title Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to repeal the percentage depletion allowance for certain hardrock mines, and for other purposes. Introduced in Senate IS Short Titles as Introduced Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2007 Introduced in Senate 2007-11-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2287is/xml/BILLS-110s2287is.xml 2007-11-01 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13688-13689) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.