A bill to assist the States in raising revenues by encouraging more uniform severance taxes on coal and oil shale and to impose a countervailing duty on imported coal and oil shale.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to impose an excise severance tax on coal and oil shale extracted within the United States, with a credit against the tax for similar taxes paid to local and State governments. Amends the Tariff Act to impose a countervailing duty on imported coal and oil shale.…