Tiffany's bill would impose a tax on mining companies' revenue, giving 60 percent of the money to local governments and 40 percent to the state after the locals are compensated for mining impacts.Democrats contend the tax might not generate anything if Gogebic Taconite has a down year. The tax doesn't kick in until a company makes at least $536,600, and companies are allowed to deduct operational costs. Democrats say the tonnage tax is guaranteed money if the company extracts anything.
Wis. Mine Bill Would Slash Money For Environment
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