Legislation & Regulation
Legislative and Regulatory Update
July 2022 by Scott Harn
• Extremist groups are at it again
As can be expected, environmental extremist groups have filed suit to stop another mining project. This time, it’s the Excellon Idaho Gold’s Kilgore Gold Exploration Project in Clark County, Idaho.
Some of the usual suspects are involved—the Idaho Conservation League and the Greater Yellowstone Coalition.
The groups claim the Forest Service violated environmental laws when they approved exploratory drilling. They claim the Forest Service should have opted for a complete Environmental Impact Statement (EIR) rather than following an Executive Order issued by former President Trump that expedited the review process.
• No sales tax on precious metals in Tennessee
Tennessee became the 42nd state to eliminate sales taxes on precious metals on May 27th.
Lead bill sponsor Bud Hulsey said, “I’ve been working to free gold and silver from sales taxes in Tennessee since my kids were in elementary school. The Sound Money Defense League, in-state dealers, and folks all across Tennessee made their voices heard and helped get this bill across the finish line.”
The only states that still tax precious metal coins and bullion are Vermont, New Jersey, Maine, Kentucky, Wisconsin, New Mexico, Mississippi and Hawaii. The District of Columbia also taxes physical gold and silver purchases.
Update: People v. Rinehart
The law is on our side, but we’ve seen some crazy rulings coming out of courtrooms lately. I believe Rinehart will win his case, but then we move on to the State Water Resources Control Board.
Legislative and Regulatory Update
• Comment period extended for frog habitat
• Tennessee permits for gold prospecting
• California dredging injunction and restraining order hearing
Utah Approves funds to Fight Feds
Republican legislators say the funding is necessary to protect state interests...
Feinstein Pushes for Million-Acre Land Grab
Met by jeers and cheers from more than 1,000 people, US Senator Diane Feinstein (D-CA) made another pitch to create three new national monuments in the deserts of southern California recently.
Legislative and Regulatory Update
• Idaho miners will challenge new EPA permit at rally
• California proposes to amend definition of a suction dredge
• Proposed rule redefines "navigable waters"
Modern-Day Claim Jumping
We soon found that our discovery post and other claim markers were gone and replaced with new posts and a notice of location with an earlier date than had been on our notice of location.
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