H.R. 3486 would amend the Internal Revenue Code of 1986 to provide incentives for improving mine safety.

== Detailed Summary ==

<summary>
(LogAmends the Internal Revenue Code to allow a tax credit for 50% of the cost of qualified advanced mine safety equipment property (in lieu of the existing taxpayer election to expense 50% of such property in the current taxable year). Defines such property to editinclude: (1) an emergency communication technology or device for constant communication with individuals outside the wikimine; (2) an electronic identification and be the firstlocation device; (3) an emergency oxygen-generating device; (4) pre-positioned oxygen supplies; and (5) a comprehensive atmospheric monitoring system to providemonitor levels of carbon monoxide and other gases present in a detailed summarymine.

Revises the tax credit for mine rescue team training expenses to: (1) increase the amount of such credit; (2) allow such credit as an offset against the bill!)alternative minimum tax; and (3) make such credit permanent.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 9/6/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
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== Points in Favor ==

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== Points Against ==

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