To amend the Internal Revenue Code of 1986 to designate copper as an applicable critical mineral and to include ore extraction costs for purposes of the advanced manufacturing production credit.

Q: What does Preamble of To amend the Internal Revenue Code of 1986 to designate copper as an applicable critical mineral and to include ore extraction costs for purposes of the advanced manufacturing production credit. do?

This bill aims to amend the Internal Revenue Code of 1986 Copper is to be designated as an applicable critical mineral Ore extraction costs are to be included for the advanced manufacturing production credit

Q: What does INCLUSION OF COPPER AS APPLICABLE CRITICAL MINERAL FOR of To amend the Internal Revenue Code of 1986 to designate copper as an applicable critical mineral and to include ore extraction costs for purposes of the advanced manufacturing production credit. do?

This section amends Section 45X(c)(6)(AA) of the Internal Revenue Code of 1986. The amendment redesignates existing clauses (iii) through (xxv) as clauses (iv) through (xxvi). It inserts 'Copper' as a new clause (iii) after clause (ii). The amendments apply to minerals produced and sold after December 31, 2025.

Q: What does INCLUSION OF ORE EXTRACTION COSTS IN ADVANCED MANUFACTURING of To amend the Internal Revenue Code of 1986 to designate copper as an applicable critical mineral and to include ore extraction costs for purposes of the advanced manufacturing production credit. do?

This section amends Section 45X(d) of the Internal Revenue Code of 1986 to include ore extraction costs in the advanced manufacturing production credit. Taxpayers who extract ore subsequently refined into an applicable critical mineral may treat extraction costs as qualifying production costs. To qualify, the taxpayer must submit a certification from the refiner confirming the ore was refined into a critical mineral and sold to an unrelated person in a trade or business. Ore extracted outside the United States is eligible only if it is of a type not extracted in the U.S. in commercial quantities or was not extracted in a foreign country of concern. The Secretary is required to issue regulations to prevent double benefits from the inclusion of these costs. The amendments apply to costs incurred after December 31, 2025.

Last updated: 4/14/2026 · Introduced: 4/14/2026

Author: David Schweikert (R-AZ)

TL;DR (AI)

The bill designates copper as an applicable critical mineral under the Internal Revenue Code of 1986, effective for minerals produced and sold after December 31, 2025.
The bill includes ore extraction costs in the advanced manufacturing production credit, allowing taxpayers to treat these costs as qualifying production costs under certain conditions.
Taxpayers who extract ore refined into a critical mineral may claim the credit, subject to certification requirements and restrictions on foreign-extracted ore, with the Secretary required to issue regulations to prevent double benefits.

119th Congressin committeeOfficial page

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Includes provisions on preamble, inclusion of copper as applicable critical mineral for, and 1 more.

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