A Republican bill with 1 Republican cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Critical Mineral and Extraction Tax Parity Act," aims to amend the Internal Revenue Code of 1986. It proposes to expand the advanced manufacturing production tax credit by adding several new minerals to the list. These additions include Boron, Copper, Lead, Potash, Rhenium, Silicon, Silver, and Uranium. The bill also includes specific provisions for certain types of Phosphate. Additionally, it allows for the inclusion of ore extraction costs for critical minerals under specific conditions. Finally, the act repeals a specific reduction in the credit amount for metallurgical coal.
Yes· 3 of 8
- Scored +5
Would business owners be better off under this?
The expansion of tax credits directly benefits owners and operators in the mining and manufacturing sectors.
- Scored +4
Is this likely to grow the economy?
By incentivizing the production of critical minerals, the bill supports industrial capacity and domestic supply chains.
- Scored +3
Is this likely to create jobs?
The expansion of tax credits for critical mineral extraction and processing may incentivize increased domestic mining and manufacturing activity.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expansion of Tax Credit Coverage: By adding minerals like Boron, Copper, Lead, Potals, Rhenium, Silicon, Silver, and Uranium to the code, more minerals can qualify for the production tax credit (Section 2(a)(1)).
-
Benefits for Phosphate Production: The bill provides a path for phosphate to be included in the tax credit if it is converted into phosphoric acid, high-purity phosphorus, or specific types of purified phosphate rock (Section 2(a)(1)(B)).
-
Incentives for Ore Extraction: Taxpayers who extract ore that is later refined into a critical mineral may be able to treat extraction costs as eligible costs for the credit, provided certain certification and sale requirements are met (Section 2(b)(1)(A)).
-
Support for Domestic and Specific Foreign Extraction: The bill allows extraction costs to be considered if the ore was extracted in the United States or if certain foreign ore meets specific criteria regarding commercial availability and origin (Section 2(b)(1)(B)).
-
Increased Credit for Coal: The act removes a reduction in the credit amount that previously applied to metallurgical coal (Section 2(c)(1)).
Potential Negative Impacts for People
-
Regulatory Oversight Requirements: Taxpayers seeking to include extraction costs must submit certifications to the Secretary to prove the ore was refined and sold appropriately (Section 2(b)(1)(A)).
-
Restrictions on Foreign Ore: Extraction costs for ore mined outside the United States may not be eligible if the ore is of a type already extracted in the U.S. in commercial quantities or if it comes from a foreign country of concern (Section 2(b)(1)(B)).
-
Prevention of Double Benefits: The Secretary will issue regulations to ensure that extraction costs are not counted more than once, which may act as a restriction on how costs are reported (Section 2(b)(1)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The expansion of tax credits directly benefits owners and operators in the mining and manufacturing sectors. Would people in rural areas be better off under this? — The focus on ore extraction may provide economic stimulus to rural, resource-rich regions. Would union members be better off under this? — Increased domestic mineral production may lead to job growth in industrial and mining sectors.
- Economy And Finance
- Is this likely to grow the economy? — By incentivizing the production of critical minerals, the bill supports industrial capacity and domestic supply chains. Is this likely to create jobs? — The expansion of tax credits for critical mineral extraction and processing may incentivize increased domestic mining and manufacturing activity.
- Environment Energy And Infrastructure
- Does this invest in rural communities? — Increased mining activity may provide economic benefits to rural areas where these minerals are extracted. Does this put more money into wind, solar and other renewable power? — The expansion of the credit for minerals like silicon and uranium supports the broader energy transition infrastructure.
- Governance And Ideology
- Does this give the federal government more power? — The bill expands federal tax credits and relies on Secretary certifications, slightly increasing federal oversight of extraction.
- 8/6/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Steve DainesRepublican · Montana