A bill to amend the Internal Revenue Code of 1986 to exclude from the gross income of landowners certain payments or economic benefits received from the abandoned mine reclamation fund for uses set forth in section 401 of the Surface Mining Control and Reclamation Act of 1977, and for other purposes.

Amends the Internal Revenue Code to provide an income tax exclusion for payments, or economic benefits resulting from payments, made under the Abandoned Mine Reclamation Fund of the Surface Mining Control and Reclamation Act of 1977.

Specifies that such exclusion shall not apply to: (1) payments made as compensation for services performed; (2) payments made for the use of acquisition of any interests in real or personal property; (3) income from the sale of minerals, soil, or any other materials in or on the affected land or water; or (4) income from the sale or exchange of any interests in affected land or water.