Critical Minerals Investment Tax Modernization Act of 2025

TL;DR (AI)

• The bill amends the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, including the 15 lanthanide elements and scandium.
• The adjustment applies to taxable years beginning after the date of enactment of this Act, modifying the tax treatment for investments in these critical minerals.
• The amendment inserts rare earths and scandium into the list of elements eligible for the adjusted percentage depletion rate, which currently includes tantalum.