[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 779 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 779

  To amend the Internal Revenue Code of 1986 to repeal the percentage 
            depletion allowance for certain hardrock mines.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 1997

 Mr. Miller of California (for himself and Mr. Rahall) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to repeal the percentage 
            depletion allowance for certain hardrock mines.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Elimination of Double Subsidies for 
the Hardrock Mining Industry Act of 1997''.

SEC. 2. REPEAL OF DEPLETION ALLOWANCE FOR CERTAIN HARDROCK MINES.

    (a) In General.--The first sentence of section 611(a) of the 
Internal Revenue Code of 1986 is amended by inserting after ``mines'' 
the following: ``(except for hardrock mines located on land currently 
subject to the general mining laws or on lands patented under the 
general mining laws)''.
    (b) General Mining Law Defined.--Section 611 of such Code is 
amended by redesignating subsection (c) as subsection (d) and inserting 
after subsection (b) the following new subsection:
    ``(c) General Mining Law Defined.--For purposes of subsection (a), 
the term `general mining laws' means those Acts which are generally 
codified as chapters 2, 12A, and 16, and sections 161 and 162 of title 
30 of the United States Code.''

 SEC. 3. EFFECTIVE DATE.

    The amendments made by section 2 shall apply to taxable years 
beginning after December 31, 1996.
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