H.R. 2688 · 117th Congress
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.
- Stage
- In committee
- Sponsor
- Lance Gooden
- Introduced
- 2021-04-20
- Latest action
- 2021-06-11 · Referred to the Subcommittee on Energy and Mineral Resources.
Subjects
Income tax deductions
Public contracts and procurement
Taxation
Department of the Interior
Mining
Business investment and capital
Buy American requirements
Metals
Strategic materials and reserves
Materials
Business expenses