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Proposed coal product valuation rules. Hearing before the Subcommittee on Mineral Resources Development and Production of the Committee on Energy and Natural Resources, United States Senate, One Hundredth Congress, First Session, November 16, 1987

Book ·
OSTI ID:5661995
The hearing was called to discuss the proposed rules issued by the Department of the Interior relating to the valuation of coal production from Federal and Indian leases for royalty purposes. The rules would base the value of coal on the gross proceeds obtained under a contract. The rules would exclude Federal black lung excise tax payments and abandoned mine payments from value, but would include state severance taxes. Considerable controversy arose such that Congress imposed a moratorium on implementation to allow further public comment. An alternative proposal from a joint industry group would base value on the depletable income provisions of the Internal Revenue Code. However, several western governors have voiced concerns over this alternative which analysis shows would result in significantly lower revenues to the Federal government, the states, and to the Tribes. Testimony was heard from eight witnesses, representing the DOI Land and Minerals Management, electric power associations, Western Organization of Resource Councils, the Navajo nation, National Coal Association, and Montana. Additional materials were submitted by the Energy Information Administration, the Western Coal Traffic League, the Western Fuels Association, and the States of Wyoming, North Dakota, Colorado, and New Mexico.
OSTI ID:
5661995
Country of Publication:
United States
Language:
English

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Related Subjects

01 COAL, LIGNITE, AND PEAT
017000* -- Coal
Lignite
& Peat-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294001 -- Energy Planning & Policy-- Coal
CARBONACEOUS MATERIALS
COAL
COAL DEPOSITS
COAL MINING
DOCUMENT TYPES
ENERGY POLICY
ENERGY SOURCES
EVALUATION
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
HEARINGS
INCOME
INDIAN RESERVATIONS
LEGAL ASPECTS
LEGISLATIVE TEXT
MATERIALS
MINERAL RESOURCES
MINING
NATIONAL GOVERNMENT
PRODUCTION
PUBLIC LANDS
REGULATIONS
RESOURCES
ROYALTIES
STATE GOVERNMENT