HR 485 · 109th Congress · Public Lands and Natural Resources
Potash Royalty Reduction Act of 2005
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.(2005-05-17)
Plain Language Summary
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Potash Royalty Reduction Act of 2005 - States that for a five-year period the royalty rate on the quantity or gross value of the output from Federal lands of potassium and potassium compounds from the mineral sylvite at the point of shipment to market shall be 1.0 percent. Prescribes implementation guidelines under which fifty percent of such royalties, together with interest earned from the date of payment, shall be paid by the Secretary of the Treasury to the payor of the royalties to be used solely for land reclamation purposes.…
Summarized by Claude AI · Non-partisan · For informational purposes only