Critical Mineral and Extraction Tax Parity Act

The Critical Mineral and Extraction Tax Parity Act expands the existing advanced manufacturing production tax credit to include nine additional critical minerals - boron, copper, lead, potash, rhenium, silicon, silver, uranium, and phosphate - effective for products sold after December 31, 2025. The bill allows companies that extract ore in the United States (or specific foreign locations where the mineral is not commercially available domestically) to claim tax credits for extraction costs if the ore is subsequently refined into one of these covered minerals. Additionally, the legislation removes a previous restriction that limited the tax credit amount for metallurgical coal, ensuring it receives the same full credit rate as other eligible materials.