3.0.0 4680 2023-03-08T20:12:35Z 2023-03-08T20:12:35Z Senate S 2022-07-28 117 ssfi00 Finance Committee Senate Standing Referred to 2022-07-28T19:48:00Z Rare Earth Magnet Manufacturing Production Tax Credit Act of 2021 117 5033 HR 2021-08-13 Referred to the House Committee on Ways and Means. Related bill CRS 2022-07-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2022-07-28 Introduced in Senate IntroReferral 10000 9 Library of Congress C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV N Taxation Taxation 00 2022-07-28 Introduced in Senate 2022-10-05T19:54:46Z Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022

This bill allows a new tax credit for the domestic production of rare earth magnets manufactured in the ordinary course of a taxpayer's trade or business. The bill defines rare earth magnet as a permanent magnet comprised of (1) an alloy of neodymium, iron, and boron, which may also include praseodymium, terbium, or dysprosium; or (2) an alloy of samarium and cobalt, which may also include gadolinium or any associated host mineral of a component rare earth material.

]]> Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022 Display Title Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to establish a credit for the domestic production of rare earth magnets, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022 Introduced in Senate IS Introduced in Senate 2022-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s4680is/xml/BILLS-117s4680is.xml 2022-07-28 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.