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United States · Bill · HR

H.R. 5033 (117th)

Rare Earth Magnet Manufacturing Production Tax Credit Act of 2021

referredUnited States· United States Congress· EN

Introduced

13 August 2021

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Rare Earth Magnet Manufacturing Production Tax Credit Act of 2021 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, praseodymium, iron, boron, terbium, or dysprosium; or (2) an alloy of samarium, gadolinium, and cobalt.

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Documents

3 official files

Introduced in House (text)

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