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    <lastName>
     Reed
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     Rep. Hagedorn, Jim [R-MN-1]
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    <firstName>
     Jim
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    <lastName>
     Hagedorn
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     Introduced in House
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     &lt;p&gt;This bill allows permanent expensing of property used in the mining, reclaiming, or recycling of certain critical minerals and metals within the United States and of nonresidential real property used in mining such minerals and metals. &lt;i&gt;Expensing&lt;/i&gt; is the treatment of expenditures as operating costs deductible in full in the current taxable year. &lt;/p&gt; &lt;p&gt;The bill allows a new tax deduction for 200% of the cost of purchasing or acquiring such critical minerals and metals extracted from deposits in the United States and a 22% rate of percentage depletion for such critical minerals and metals. &lt;/p&gt; &lt;p&gt;The bill requires the Department of the Interior to establish a pilot project grant program for the development of critical minerals and metals in the United States. A grant awarded under such program may not exceed $10 million. In awarding grants, Interior must give priority to projects determined to be economically viable over the long term and must allot not less than 30% of grants funds to the secondary recovery of critical minerals and metals.&lt;/p&gt;
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  <title>
   To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
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     To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
    </title>
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     Official Title as Introduced
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     To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
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    Referred to the Subcommittee on Energy and Mineral Resources.
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   Congressional Research Service, Library of Congress
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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2021-06-11
Energy and Mineral Resources Subcommittee
hsii06
1
House committee actions
Referred to the Subcommittee on Energy and Mineral Resources.
Committee
H11100
2021-04-20
Natural Resources Committee
hsii00
2
House floor actions
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-04-20
Ways and Means Committee
hswm00
2
House floor actions
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
Intro-H
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
2021-04-20T14:01:50Z
Referred to
House
Natural Resources Committee
2021-06-11T16:29:36Z
Referred to
Energy and Mineral Resources Subcommittee
hsii06
hsii00
Standing
2021-04-20T14:01:45Z
Referred to
House
Ways and Means Committee
hswm00
Standing
G000581
15
Vicente
Rep. Gonzalez, Vicente [D-TX-15]
Gonzalez
D
2021-04-20
TX
R000610
14
Guy
Rep. Reschenthaler, Guy [R-PA-14]
Reschenthaler
R
2021-04-26
PA
C001063
28
Henry
Rep. Cuellar, Henry [D-TX-28]
Cuellar
D
2021-04-26
TX
R000585
23
Tom
Rep. Reed, Tom [R-NY-23]
Reed
R
2021-05-12
NY
S001193
15
Eric
Rep. Swalwell, Eric [D-CA-15]
Swalwell
D
2021-05-12
CA
H001088
1
Jim
Rep. Hagedorn, Jim [R-MN-1]
Hagedorn
R
2021-05-12
MN
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-20
2021-06-11
Referred to the Subcommittee on Energy and Mineral Resources.
House
Taxation
G000589
5
Lance
Rep. Gooden, Lance [R-TX-5]
N
Gooden
R
TX
Business expenses Business investment and capital Buy American requirements Department of the Interior Income tax deductions Materials Metals Mining Public contracts and procurement Strategic materials and reserves
2021-04-20
Introduced in House
 <p>This bill allows permanent expensing of property used in the mining, reclaiming, or recycling of certain critical minerals and metals within the United States and of nonresidential real property used in mining such minerals and metals. <i>Expensing</i> is the treatment of expenditures as operating costs deductible in full in the current taxable year. </p> <p>The bill allows a new tax deduction for 200% of the cost of purchasing or acquiring such critical minerals and metals extracted from deposits in the United States and a 22% rate of percentage depletion for such critical minerals and metals. </p> <p>The bill requires the Department of the Interior to establish a pilot project grant program for the development of critical minerals and metals in the United States. A grant awarded under such program may not exceed $10 million. In awarding grants, Interior must give priority to projects determined to be economically viable over the long term and must allot not less than 30% of grants funds to the secondary recovery of critical minerals and metals.</p>
2021-08-26T16:24:32Z
00
2021-04-20T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2688ih/xml/BILLS-117hr2688ih.xml
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
Official Title as Introduced
HR
2023-03-08T20:12:04Z
2023-03-08T20:12:04Z
3.0.0
2021-06-11
Energy and Mineral Resources Subcommittee
hsii06
1
House committee actions
Referred to the Subcommittee on Energy and Mineral Resources.
Committee
H11100
2021-04-20
Natural Resources Committee
hsii00
2
House floor actions
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2021-04-20
Ways and Means Committee
hswm00
2
House floor actions
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
Intro-H
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-20
9
Library of Congress
Introduced in House
IntroReferral
G000589
5
Lance
Rep. Gooden, Lance [R-TX-5]
N
Gooden
R
TX
G000581
15
Vicente
Rep. Gonzalez, Vicente [D-TX-15]
Gonzalez
D
2021-04-20
TX
R000610
14
Guy
Rep. Reschenthaler, Guy [R-PA-14]
Reschenthaler
R
2021-04-26
PA
C001063
28
Henry
Rep. Cuellar, Henry [D-TX-28]
Cuellar
D
2021-04-26
TX
R000585
23
Tom
Rep. Reed, Tom [R-NY-23]
Reed
R
2021-05-12
NY
S001193
15
Eric
Rep. Swalwell, Eric [D-CA-15]
Swalwell
D
2021-05-12
CA
H001088
1
Jim
Rep. Hagedorn, Jim [R-MN-1]
Hagedorn
R
2021-05-12
MN
Business expenses Business investment and capital Buy American requirements Department of the Interior Income tax deductions Materials Metals Mining Public contracts and procurement Strategic materials and reserves
2021-04-20
Introduced in House
 <p>This bill allows permanent expensing of property used in the mining, reclaiming, or recycling of certain critical minerals and metals within the United States and of nonresidential real property used in mining such minerals and metals. <i>Expensing</i> is the treatment of expenditures as operating costs deductible in full in the current taxable year. </p> <p>The bill allows a new tax deduction for 200% of the cost of purchasing or acquiring such critical minerals and metals extracted from deposits in the United States and a 22% rate of percentage depletion for such critical minerals and metals. </p> <p>The bill requires the Department of the Interior to establish a pilot project grant program for the development of critical minerals and metals in the United States. A grant awarded under such program may not exceed $10 million. In awarding grants, Interior must give priority to projects determined to be economically viable over the long term and must allot not less than 30% of grants funds to the secondary recovery of critical minerals and metals.</p>
2021-08-26T16:24:32Z
00
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and to support the development of domestic supply chains for rare earth elements and other critical materials essential to United States technology, manufacturing, energy, healthcare and advanced medical devices, broadband infrastructure, transportation, and national defense.
Official Title as Introduced
2021-06-11
Referred to the Subcommittee on Energy and Mineral Resources.