Critical Mineral and Extraction Tax Parity Act

This bill expands and improves the advanced manufacturing production tax credit by adding several new critical minerals to the list of eligible materials. These additions include boron, copper, lead, potash, rhenium, silicon, silver, and uranium , alongside specific forms of phosphate , with these changes applying to minerals produced and sold after December 31, 2025. A significant amendment allows for the inclusion of ore extraction costs in the credit calculation for critical minerals. To qualify, the ore must be extracted in the United States, or if extracted abroad, it must not be commercially available domestically and not originate from a "foreign country of concern." This provision, effective for costs incurred after December 31, 2025, requires refiner certification and directs the Secretary to prevent any double benefits. Furthermore, the legislation repeals the current reduced credit amount for metallurgical coal . This ensures that metallurgical coal will receive the full advanced manufacturing production tax credit for minerals produced and sold after December 31, 2025, aligning its treatment with other eligible minerals.