CONGRESS FOR VOTERS

RepublicanBill · H.R. 4772· House(119-HR-4772)

Critical Minerals Investment Tax Modernization Act of 2025

Rep. Smith
Age: 56 years
Nebraska
Introduced
7/25/2025
Last activity
7/25/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Adrian Smith
Cosponsors
Republican - 1Democrat - 2
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the "Critical Minerals Investment Tax Modernization Act of 2025." It proposes to amend the Internal Revenue Code of 1986. The primary goal is to adjust the percentage depletion rate for certain rare earths. Specifically, it adds rare earths, defined as the 15 lanthanide elements, and scandium to the list. These changes would take effect for taxable years beginning after the act is enacted.

Yes· 3 of 8

  • Would business owners be better off under this?+4

    The bill provides a specific tax deduction advantage for owners of mineral extraction businesses.

  • Does this cut taxes for small businesses?+3

    The bill allows for a 22 percent depletion rate deduction for businesses involved in the extraction of rare earths and scandium.

  • Does this make it easier to run a small business?+3

    The bill lowers the tax burden for businesses engaged in the extraction of specific rare earth elements.

The opposite

  • Does this better protect air, water and wildlife?-1

    The bill incentivizes increased mining activities which can lead to higher environmental impacts.