Expands the advanced manufacturing production tax credit to include additional critical minerals.

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, potash, rhenium, silicon, silver, and uranium. The bill also allows for the inclusion of ore extraction costs for applicable critical minerals, provided certain conditions are met. The changes apply to minerals produced and sold after December 31, 2025.

Expands the advanced manufacturing production tax credit to include additional critical minerals.

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, potash, rhenium, silicon, silver, and uranium. The bill also allows for the inclusion of ore extraction costs for applicable critical minerals, provided certain conditions are met. The changes apply to minerals produced and sold after December 31, 2025.