Critical Mineral and Extraction Tax Parity Act
Rep. Moore Proposes Tax Credits for Mining Copper, Silver, and Uranium to Boost U.S. Production
This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Ways and Means. It is considered active, but no further meetings or votes have been scheduled at this time.
Legislative Progress
This bill is led by Republicans and lacks bipartisan support so far, making it difficult to pass in a split Congress.
Key Points
Impact Analysis
Personal Impact
The bill adds potash and phosphate to the list of credit-eligible minerals. Both are essential fertilizer ingredients. Increased domestic production incentivized by these credits could eventually help stabilize fertilizer prices for U.S. farmers and reduce reliance on imports. However, the effect on retail fertilizer prices would be indirect and may take years to materialize.
“``(xxx) Potash. ``(xxxi) Rhenium. ``(xxxii) Silicon. ``(xxxiii) Silver. ``(xxxiv) Uranium.''”
State Impacts
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Critical Mineral and Extraction Tax Parity Act
Data Sources
Sponsor
Cosponsors
(5)Analysis generated by AI. Always verify with official sources.