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- H.R.5033
H.R.5033: Rare Earth Magnet Manufacturing Production Tax Credit Act of 2021
About This Bill
- Introduced Aug. 13, 2021
- Latest Major Action Aug. 13, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (6 Democrats, 6 Republicans)
Bill Version
- Introduced in House - Aug. 13, 2021
Bill 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.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Aug. 13, 2021 |
Referred to the House Committee on Ways and Means.
|
| Aug. 13, 2021 |
Introduced in the House by Eric Swalwell (D-Calif.) |