Critical Minerals Investment Tax Modernization Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 4
- Latest action
- Jul 25, 2025
What it does
The bill would amend the Internal Revenue Code to increase the percentage depletion tax deduction 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 date of enactment and is intended to support domestic investment in critical minerals used in advanced technologies. The provision affects companies engaged in the mining or production of these specified rare earths by allowing them to deduct a larger percentage of their gross income from depletion, thereby reducing their taxable income. No other changes to the tax code are specified in the provided excerpt.
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.
Where it goes next
While a bill can still move, the questions are about people and money.