To amend the Internal Revenue Code of 1986 to designate copper as an applicable critical mineral and to include ore extraction costs for purposes of the advanced manufacturing production credit.

This bill amends the Internal Revenue Code of 1986 to expand the scope of the advanced manufacturing production credit. Specifically, it designates copper as an applicable critical mineral, making it eligible for this tax credit. These changes will apply to minerals produced and sold after December 31, 2025.

Furthermore, the bill allows for the inclusion of ore extraction costs for critical minerals as eligible costs for the credit. This applies if the ore is subsequently refined into an applicable critical mineral and certified by the refiner. However, these extraction costs are only eligible if the ore is extracted in the United States, or if extracted abroad, it must be a type not commercially available in the U.S. and not from a "foreign country of concern." The Secretary of the Treasury is directed to issue regulations to prevent double benefits from these provisions.