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Critical Minerals Investment Tax Modernization Act of 2026

3/24/2026, 1:07 AM

Summary of Bill S 4033

The bill introduced in the 119th Congress and numbered S. 4033 aims to amend the Internal Revenue Code of 1986 to modify the percentage depletion rate specifically for certain rare earths.

Current Status of Bill S 4033

Bill S 4033 is currently in the status of Bill Introduced since March 10, 2026. Bill S 4033 was introduced during Congress 119 and was introduced to the Senate on March 10, 2026.  Bill S 4033's most recent activity was Read twice and referred to the Committee on Finance. as of March 10, 2026

Bipartisan Support of Bill S 4033

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4033

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4033

A bill to amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes.
A bill to amend the Internal Revenue Code of 1986 to adjust the percentage depletion rate for certain rare earths, and for other purposes.

Comments

Sariyah Fitzgerald profile image

Sariyah Fitzgerald

724

12 days ago

Sounds good, looking forward to seeing how it plays out!