A bill to repeal the percentage depletion allowance for certain hardrock mines.
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 1997 - 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.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1393-1394)
Read twice and referred to the Committee on Finance.
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