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Monday, December 23, 2024, 6:24 am

Monday, December 23, 2024, 6:24 am

The verdict on mineral rights taxation creates new resource opportunities for states.

The verdict on mineral rights taxation creates new resource opportunities for states.

Scale federalism rarely takes center stage in judicial discussions. The Supreme Court’s 8:1 verdict that states can tax mineral rights and mineral-bearing areas is a significant decision that safeguards their legislative realm from interference by Parliament. The Mines and Minerals (Development and Regulation) Act of 1957 was thought to limit states’ ability to tax mineral … Read more