Expands the advanced manufacturing production tax credit to include additional critical minerals and ore extraction costs.

The Critical Mineral and Extraction Tax Parity Act amends the Internal Revenue Code to expand the advanced manufacturing production tax credit. It includes additional critical minerals such as boron, copper, lead, metallurgical coal, potash, rhenium, silicon, silver, and uranium. It also allows for the inclusion of ore extraction costs if the ore is refined into an applicable critical mineral and meets certain conditions. The changes apply to amounts paid or incurred after December 31, 2025.

Expands the advanced manufacturing production tax credit to include additional critical minerals and ore extraction costs.

The Critical Mineral and Extraction Tax Parity Act amends the Internal Revenue Code to expand the advanced manufacturing production tax credit. It includes additional critical minerals such as boron, copper, lead, metallurgical coal, potash, rhenium, silicon, silver, and uranium. It also allows for the inclusion of ore extraction costs if the ore is refined into an applicable critical mineral and meets certain conditions. The changes apply to amounts paid or incurred after December 31, 2025.