A bill to amend the Internal Revenue Code of 1986 to repeal the percentage depletion allowance for certain hardrock mines.
Elimination of Double Subsidies for the Hardrock Mining Industry Act of 2019
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.
Introduced in Senate
Read twice and referred to the Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line