Critical Minerals Investment Tax Modernization Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Mar 10, 2026
What it does
The Critical Minerals Investment Tax Modernization Act of 2026 would amend the Internal Revenue Code to increase the percentage depletion tax rate for certain rare earth elements—specifically the 15 lanthanide elements and scandium—from the current rate to 22 percent. This change would apply to taxable years beginning after the bill’s enactment and is intended to support domestic investment in critical mineral extraction. The bill affects companies engaged in the mining and production of these rare earths by altering their tax treatment for depletion allowances. No other provisions or changes are included in the provided text.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.