Elimination of Double Subsidies for the Hardrock Mining Industry Act of 201 9 This bill modifies the tax deductions allowed for hardrock mines to prohibit the percentage depletion allowance for hardrock mines located on land currently subject to the general mining laws, or on land patented under such laws.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Income tax deductionsMining
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2019
USA116th CongressS-714| Senate
| Updated: 3/7/2019
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 201 9 This bill modifies the tax deductions allowed for hardrock mines to prohibit the percentage depletion allowance for hardrock mines located on land currently subject to the general mining laws, or on land patented under such laws.