S. 26 · 112th Congress
Elimination of Double Subsidies for the Hardrock MiningIndustry Act of 2011
- Stage
- In committee
- Sponsor
- Jeanne Shaheen
- Introduced
- 2011-01-25
- Latest action
- 2011-01-25 · Introduced in Senate
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.