Federal Royalty and Tax Treatment of the Hardrock Mineral Industry : An Economic Analysis.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Mines and mineral resources.

Mineral industries.

Tax incentives.

Physical Description:

1 online resource (38 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2007.

System Details:

text file

Summary:

Provides brief history of the 1872 Mining Law, including the mineral leasing system and royalty payment requirements for energy minerals. Discusses economic rationale for the payment of royalties on hardrock minerals, focusing on appropriate economic basis for payment of royalties to the Federal Government as landowner, comparison of royalties based on market value with alternative criteria such as gross income from depletion and net smelter return, question of an appropriate royalty rate, and likely economic effects of royalty-free provision of public lands and effect of introducing a royalty. Examines Federal tax provisions, including three tax subsidies that affect the hardrock minerals industry, as well as claims and patent fees that the industry pays.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Federal Royalty and Tax Treatment of the Hardrock Mineral Industry

Access Restriction:

Restricted for use by site license.