Critical Mineral and Extraction Tax Parity Act

This bill changes a federal tax credit for producing critical minerals in the United States. It adds boron, copper, lead, potash, rhenium, silicon, silver, uranium, and certain processed phosphate to the list of minerals that qualify. It lets companies that mine ore count their extraction costs toward the credit if a refiner certifies that the ore was refined into a qualifying mineral and sold to an unrelated buyer. Ore mined abroad counts only if that type is not mined in the U.S. in commercial quantities and it did not come from a foreign country of concern. The bill also removes the lower credit rate for metallurgical coal, and the changes apply to minerals and costs after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• John R. Curtis Republican sponsor
• 1 cosponsors