Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.7812
H.R.7812: ORE Act
About This Bill
- Introduced July 29, 2020
- Latest Major Action July 29, 2020
Bill Sponsor
Bill Version
- Introduced in House - July 29, 2020
Bill Summary
Onshoring Rare Earths Act of 2020 or the ORE Act This bill allows permanent expensing of property used in the extraction of certain critical minerals and metals within the United States and of nonresidential real property used in extracting such minerals and metals. Expensing is the treatment of expenditures as operating costs deductible in full in the current taxable year. The bill allows a new tax deduction for 200% of the cost of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 29, 2020 |
Referred to the Subcommittee on Select Revenue Measures.
|
| July 29, 2020 |
Referred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| July 29, 2020 |
Introduced in the House by John Joyce (R-Pa.) |