US SB3521 | 2023-2024 | 118th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on December 14 2023 - 25% progression
Action: 2024-01-18 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 14 2023 - 25% progression
Action: 2024-01-18 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Rare Earth Magnet Manufacturing Production Tax Credit Act of 2023
Sponsors
| Sen. Catherine Cortez Masto [D-NV] | Sen. Markwayne Mullin [R-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-18 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
| 2023-12-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2849 (Related) 2023-04-25 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/3521/all-info |
| Text | https://www.congress.gov/118/bills/s3521/BILLS-118s3521is.pdf |
