Critical Mineral and Extraction Tax Parity Act
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Critical Mineral and Extraction Tax Parity Act and creates expansion and improvement of advance manufacturing production tax credit Section 45X(c)(6) of the Internal Revenue Code of 1986 is amended— in subparagraph (AA), by inserting after clause (xxv) the following new. It relies on tax rate changes, definition changes, appropriations, and tax credits. The main policy areas are Energy, Finance, Foreign Policy, and Science & Space.
Who Benefits and How
Energy producers and energy supply-chain firms affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Researchers and scientific institutions affected by the bill would take on compliance duties, and Foreign businesses and cross-border trade participants affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Critical Mineral and Extraction Tax Parity Act.
- Creates expansion and improvement of advance manufacturing production tax credit Section 45X(c)(6) of the Internal Revenue Code of 1986 is amended— in subparagraph (AA), by inserting after clause (xxv) the following new...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Critical Mineral and Extraction Tax Parity Act and creates expansion and improvement of advance manufacturing production tax credit Section 45X(c)(6) of the Internal Revenue Code of 1986 is amended— in subparagraph (AA), by inserting after clause (xxv) the following new.
Key Policy Areas
Energy, Finance, Foreign Policy, Science & Space
Primary Purpose
The bill creates short title This Act may be cited as the Critical Mineral and Extraction Tax Parity Act and creates expansion and improvement of advance manufacturing production tax credit Section 45X(c)(6) of the Internal Revenue Code of 1986 is amended— in subparagraph (AA), by inserting after clause (xxv) the following new.
Policy Domains
Whole bill
Identified Gains
- Energy producers and energy supply-chain firms affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Researchers and scientific institutions affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
- Energy producers and energy supply-chain firms affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Ways and Means.
Introduced in House
Mr. Moore of Utah (for himself, Mr. Buchanan, Mr. Carey, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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