As ordered reported by the House Committee on Natural Resources on May 16, 2012 H.R. 1192 would require the Department of the Interior (DOI) to charge a 2 percent royalty on the value of soda ash produced on federal lands through 2016. Under current law, CBO expects that the royalty rate would remain at 6 percent over that period. CBO estimates that implementing H.R. 1192 would reduce net federal offsetting receipts from soda ash royalties by $75 million over the 2013-2016 period; therefore, pay-as-you-go procedures apply. Enacting H.R. 1192 would not affect revenues. read more

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H.R. 1192, Soda Ash Royalty Extension, Job Creation, and Export Enhancement Act of 2012