True Cost of Coal Act of 2013

Summary

True Cost of Coal Act of 2013 - Amends the Internal Revenue Code to: (1) impose a $10 per ton excise tax on the extraction of coal; (2) establish in the Treasury the Coal Mitigation Trust Fund to hold revenues from such tax; and (3) extend to 50 years the recovery period, for depreciation purposes, for specified coal port property used for the export of coal. Allows expenditures from the Coal Mitigation Trust Fund to assist states in mitigating noise, vibration, traffic delays, pollution and other threats to public health, and emergencies in connection with the transportation of coal by rail, and to provide worker adjustment assistance. Directs the Secretary of Transportation (DOT) to issue regulations to require all rail cars transporting coal to be covered or to incorporate a suitable alternative technology to ensure that coal and coal dust do not escape during transportation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 17 June 2013

   Introduced

   Sponsor introductory remarks on measure. (CR E901)

   Source: IntroReferral

2. 17 June 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 June 2013

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

4. 17 June 2013

   Introduced

   Introduced in House

   Source: IntroReferral

5. 18 June 2013

   Referred

   Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 June 2013 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 June 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 June 2013

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 June 2013

  Open at official source

Sponsors

• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• · hspw00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.