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S.26 - Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2011

A bill to amend the Internal Revenue Code of 1986 to repeal the percentage depletion allowance for certain hardrock mines, and to use the resulting revenues from such repeal for deficit reduction. view all titles (3)

All Bill Titles

  • Short: Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2011 as introduced.
  • Official: A bill to amend the Internal Revenue Code of 1986 to repeal the percentage depletion allowance for certain hardrock mines, and to use the resulting revenues from such repeal for deficit reduction. as introduced.
  • Short: Elimination of Double Subsidies for the Hardrock MiningIndustry Act of 2011 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
01/25/11
 
 
 
 
 
 
 

Sponsor

S001181

Senator

Jeanne Shaheen

D-NH

No Co-Sponsors

Official Summary

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2011 - 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. Dedicates reve

Official Summary

Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2011 - 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. Dedicates revenues resulting from this Act to deficit reduction.

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