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- S.1570
S.1570: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Aug. 4, 2009
- Latest Major Action Aug. 4, 2009
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (3 Democrats, 1 Independent Democrat)
Bill Summary
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2009 - 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 50% of the additional revenues received due to the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Aug. 4, 2009 |
Introduced in the Senate by Russ Feingold (D-Wis.) |