Schweikert introduced H.R. 8277 to designate copper as an applicable critical mineral and include ore extraction costs under the Advanced Manufacturing Production Credit.
Designate copper as an applicable critical mineral and update the tax code to include ore extraction costs under the Advanced Manufacturing Production Credit for qualifying domestic copper production.
Occurrences
Evidence
Action: Mr. Schweikert (for himself and Mr. Carey) introduced the following bill; which was referred to the Committee on Ways and Means. Full title: 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.
Congressman David Schweikert introduced H.R. 8277, legislation to designate copper as an applicable critical mineral and include ore extraction costs under the Advanced Manufacturing Production Credit. The release says the bill adds copper to the list of applicable critical minerals under Section 45X and allows ore extraction costs to count under the credit when refined into a qualifying critical mineral.
Action: Mr. Ciscomani (for himself, Mr. Crane, Mrs. Lesko, Mr. Schweikert, Mr. Newhouse, and Mr. Baird) introduced the following bill; which was referred to the Committee on Natural Resources. Full title: To amend the Energy Act of 2020 to include copper as a critical mineral, and for other purposes.
Assessments
Schweikert introduced H.R. 8277 in the 119th Congress to do the exact promised policy: designate copper as an applicable critical mineral and include ore extraction costs under the Advanced Manufacturing Production Credit. However, the bill has only been introduced and referred to the House Ways and Means Committee, with no evidence that it has passed or been enacted. This is a serious legislative attempt during his current federal term, but the promised outcome has not been delivered.