Critical Mineral Supply Chain Realignment Act of 2024

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 - Critical Minerals tax deduction credit for EV battery production H.R. 5376 - The Build Back Better Act - EV Tax incentives, new corporate tax rate, and other tax increases H.R. 4534 - FAIR Transition and Competition Act - Carbon Border Adjustment Tax Implementation of Pub. Law 117-169 - Inflation Reduction Act of 2022 - EV and clean energy incentives S. 5020 - Affordable Electric Vehicles for America Act of 2022 - Fix to IRA 30D implementation schedule H.R. 3665 - Defending American Jobs and Investment Act - A bill proposing penalties against companies headquartered in countries with a UTPR OECD Pillar 2 Implementation - Urging improved treatment of refundable and non-refundable tax credits in the United States that will conform to a global compliance regime H.R. 7024, the Tax Relief for American Families and Workers Act of 2024 - Includes a title that allows taxpayers to delay the date on which they must begin deducting their domestic R&D costs over a 5-year period; also, extends allowance for depreciation, amortization, or depletion in determining limitation of the business interest deduction, and extends 100% bonus depreciation and increases limitations on expensing depreciable business assets. S. 4873, the American Tax Dollars for American Solar Manufacturing Act, prohibiting the allowance of the advanced manufacturing production credit for components produced by foreign entities. W.H. Made in America Tax Plan - Corporation tax reform plan. W.H. The American Jobs Plan - Infrastructure plan that includes billions of dollars in tax credits and incentives. S. 3486 / H.R. 6762, Protecting American Advanced Manufacturing Act - The bill would prohibit companies associated with governments of foreign adversaries from receiving the advanced manufacturing production tax credit. S.4702, Critical Mineral Supply Chain Realignment Act of 2024 - The bill would impose duties on electromagnets, battery cells, electric storage batteries, and photovoltaic cells imported from certain countries. H.R. 7980, End Chinese Dominance of Electric Vehicles in America Act of 2024 - This bill excludes from the new clean vehicle tax credit vehicles that contain components or material processed by a prohibited foreign entity (i.e., a terrorist organization) or an entity with ties to China, Iran, Russia, or North Korea.

Client expense: $300,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office