S.44: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2003

About This Bill

Bill Summary

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...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Jan. 7, 2003

Introduced in the Senate by Russ Feingold (D-Wis.)

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