H.R.6625 - A bill to amend the Powerplant and Industrial Fuel Use Act of 1978 to further the objectives of national energy policy of conserving oil and natural resources through removing excessive burdens on production of coal.96th Congress (1979-1980)
|Sponsor:||Rep. Sharp, Philip R. [D-IN-10] (Introduced 02/26/1980)|
|Committees:||House - Interstate and Foreign Commerce; Interior and Insular Affairs; Judiciary|
|Committee Reports:||H.Rept 96-1527 Part 1|
|Latest Action:||House - 12/04/1980 Referred jointly to House Committees on Interior and Insular Affairs; and the Judiciary. (All Actions)|
This bill has the status Introduced
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Summary: H.R.6625 — 96th Congress (1979-1980)All Information (Except Text)
Introduced in House (02/26/1980)
Amends the Powerplant and Industrial Fuel Use Act of 1978 to limit the sum of all severance taxes or fees, for any fiscal year, levied upon or collected from any taxpayer by a State or any political subdivision thereof on coal destined for shipment in interstate commerce for use in any powerplant or major fuel- burning installation or on any improvements or other rights, property, or assets produced, owned, or used in connection with the production of such coal.
States that such tax shall not exceed a total of 12 1/2 percent of the value of such coal produced during a fiscal year.