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Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022
Legislative Progress
Introduced
July 28, 2022
Latest Action
July 28, 2022
Primary Sponsor
Catherine Cortez MastoDemocratic(NV)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 5,357 other S bills in the 117th — cohort avg 38d
Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022 This bill allows a new tax credit for the domestic production of rare earth magnets manufactured in the ordinary course of a taxpayer's trade or business. The bill defines rare earth magnet as a permanent magnet comprised of (1) an alloy of neodymium, iron, and boron, which may also include praseodymium, terbium, or dysprosium; or (2) an alloy of samarium and cobalt, which may also include gadolinium or any associated host mineral of a component rare earth material.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2024 · fourth_quarter · Taxation/Internal Revenue Code
Implementation of IRA incentives for clean energy manufacturing. Production Tax Credit for Permanent Magnets, The Rare Earth Magnet Manufacturing Production Tax Credit Act (HR. 2849 and S.4680)
Client expense: $50,000 · Firm income: Not reported
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, Intl Trade Administration (ITA), SENATE, Treasury, Dept of
2024 · third_quarter · Taxation/Internal Revenue Code
Implementation of IRA incentives for clean energy manufacturing. Production Tax Credit for Permanent Magnets, The Rare Earth Magnet Manufacturing Production Tax Credit Act (HR. 2849 and S.4680)
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Intl Trade Administration (ITA), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2022 · fourth_quarter · Taxation/Internal Revenue Code
issues related to Rare Earth Elements and Critical Minerals, Percentage Depletion; H.R.1599 - To amend the Department of Energy Organization Act to secure the supply of critical energy resources, including critical minerals and other materials, and for other purposes; H.R.2604 To improve the permitting process for critical mineral projects, and for other purposes; HR4350, S2792, National Defense Authorization Act. H.R.2688 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; H.R.5033 Rare Earth Inflation Reduction Act of 2022 Magnet Manufacturing Production Tax Credit Act of 2021;S.2377 Energy Infrastructure Act; S.4680 Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022; S 3525, 3530 HR 8032 REEShore Act of 2022; H.R.7460 ONSHORE Manufacturing Act.
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Energy/Nuclear
issues related to Rare Earth Elements and Critical Minerals. H.R.1599 - To amend the Department of Energy Organization Act to secure the supply of critical energy resources, including critical minerals and other materials, and for other purposes; H.R.2604 To improve the permitting process for critical mineral projects, and for other purposes; HR 4350, S2792 National Defense Authorization Act 2022; S.1352 A bill to improve the quality and timeliness of Federal permitting and review processes with respect to critical mineral production on Federal land, and for other purposes; H.R.2176 Ensuring Access to Domestic Mineral Production Act. S.1537 Strategic Energy and Minerals Initiative Act of 2021. H.R.3240 National Strategic and Critical Minerals Production Act of 2021. S.1918 Battery and Critical Mineral Recycling Act of 2021. H.R.3896 Critical Mineral Access Act; HR 2688 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; Exec Order 14017 America's Supply Chains; H.R.2637 American Critical Mineral Independence Act of 2021; HR 5033 Rare Earth Magnet Manufacturing Production Tax Credit Act 2021; S.4680 Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022; H.R.8001 Countering Atrocities through Currency Accountability Act of 2022;HR 8981 Securing Americas Mineral Supply Chains Act of 2022; H.R.7580 Clean Energy Minerals Reform Act of 2022.
Client expense: Not reported · Firm income: $20,000
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS)
2022 · third_quarter · Taxation/Internal Revenue Code
issues related to Rare Earth Elements and Critical Minerals, Percentage Depletion; H.R.1599 - To amend the Department of Energy Organization Act to secure the supply of critical energy resources, including critical minerals and other materials, and for other purposes; H.R.2604 To improve the permitting process for critical mineral projects, and for other purposes; HR4350, S2792, National Defense Authorization Act. H.R.2688 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; H.R.5033 Rare Earth Inflation Reduction Act of 2022 Magnet Manufacturing Production Tax Credit Act of 2021;S.2377 Energy Infrastructure Act; HR 8769 IRS Reduction Act; S.4680 Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022; S 3525, 3530 HR 8032, 8072 REEShore Act of 2022; H.R.7460 ONSHORE Manufacturing Act.
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Energy/Nuclear
issues related to Rare Earth Elements and Critical Minerals. H.R.1599 - To amend the Department of Energy Organization Act to secure the supply of critical energy resources, including critical minerals and other materials, and for other purposes; H.R.2604 To improve the permitting process for critical mineral projects, and for other purposes; HR 4350, S2792 National Defense Authorization Act 2022; S.1352 A bill to improve the quality and timeliness of Federal permitting and review processes with respect to critical mineral production on Federal land, and for other purposes; H.R.2176 Ensuring Access to Domestic Mineral Production Act. S.1537 Strategic Energy and Minerals Initiative Act of 2021. H.R.3240 National Strategic and Critical Minerals Production Act of 2021. S.1918 Battery and Critical Mineral Recycling Act of 2021. H.R.3896 Critical Mineral Access Act. H.R.1599 Securing Americas Critical Minerals Supply Act; HR 2688 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; Exec Order 14017 America's Supply Chains; H.R.2637 American Critical Mineral Independence Act of 2021; HR 5033 Rare Earth Magnet Manufacturing Production Tax Credit Act 2021; S.4680 Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022; H.R.8001 Countering Atrocities through Currency Accountability Act of 2022;HR 8981 Securing Americas Mineral Supply Chains Act of 2022.
Client expense: Not reported · Firm income: $20,000
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS)