Senate Bill 3521 - Rare Earth Magnet Manufacturing Production Tax Credit Act of 2023

Purpose and Summary

Chamber: Senate

Introduced date: 2023-12-14

Recent Activity

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Alternative Names

Rare Earth Magnet Manufacturing Production Tax Credit Act of 2023

Rare Earth Magnet Manufacturing Production Tax Credit Act of 2023

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.

Associated Legislation

Rare Earth Magnet Manufacturing Production Tax Credit Act of 2023

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Sen. Cortez Masto, Catherine [D-NV]

Cosponsors and Supporters

Sen. Mullin, Markwayne [R-OK]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Finance Committee

Variations and Revisions