[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6067 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6067

    To increase by $25 million the funding available for individual 
  development accounts for each of fiscal years 2011 and 2012, and to 
   amend the Internal Revenue Code of 1986 to eliminate the domestic 
   production deduction for coal and other hard mineral fossil fuels.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 30, 2010

Ms. Linda T. Sanchez of California introduced the following bill; which 
            was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To increase by $25 million the funding available for individual 
  development accounts for each of fiscal years 2011 and 2012, and to 
   amend the Internal Revenue Code of 1986 to eliminate the domestic 
   production deduction for coal and other hard mineral fossil fuels.

    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 ``The IDA Protection Act of 2010''.

SEC. 2. SUPPLEMENTAL AMOUNTS FOR INDIVIDUAL DEVELOPMENT ACCOUNTS.

    (a) In General.--The Secretary of Health and Human Services shall 
make grants to qualified entities for individual development accounts 
under rules similar to the rules of the Assets for Independence Act (42 
U.S.C. 604 note); except that such grants shall be made without regard 
to any matching requirements.
    (b) Grants To Be Supplemental.--Funds made available to carry out 
this section shall be used to supplement, and not supplant, other 
Federal, State, and local funds available for individual development 
accounts.
    (c) Definitions.--For purposes of this section, the terms 
``qualified entity'' and ``individual development account'' shall have 
the respective meanings given such terms by section 404 such Act (42 
U.S.C. 604 note).
    (d) Authorization of Appropriations.--There are authorized to be 
appropriated to carry out the purposes of this section $25,000,000 for 
each of fiscal years 2011 and 2012.

SEC. 3. ELIMINATION OF DOMESTIC PRODUCTION DEDUCTION FOR COAL AND OTHER 
              HARD MINERAL FOSSIL FUELS.

    (a) In General.--Subparagraph (B) of section 199(c)(4) of the 
Internal Revenue Code of 1986 is amended by striking ``or'' at the end 
of clause (ii), by striking the period at the end of clause (iii) and 
inserting ``, or'', and by adding at the end the following new clause:
                            ``(iv) the sale, exchange, or other 
                        disposition of coal, other hard mineral fossil 
                        fuels (including lignite and oil shale), or any 
                        primary product thereof.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2010.
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