Critical Mineral and Extraction Tax Parity Act

This bill changes the federal advanced manufacturing production tax credit by adding more minerals to the list of critical minerals that qualify. The added minerals include boron, copper, lead, metallurgical coal, potash, rhenium, silicon, silver, uranium, and certain processed phosphate. It also lets companies that mine ore count their extraction costs toward the credit if a refiner certifies the ore was refined into a critical mineral and sold. The ore must come from the United States, or from abroad if that type is not mined commercially in the U.S. and it did not come from a foreign country of concern. The bill also removes a lower credit rate for metallurgical coal, so it would get the same rate as other critical minerals.

Full text and official record on Congress.gov

Sponsors

• Blake D. Moore Republican sponsor
• 18 cosponsors