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- S.4680
S.4680: Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022
About This Bill
- Introduced July 28, 2022
- Latest Major Action July 28, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - July 28, 2022
Bill Summary
Rare Earth Magnet Manufacturing Production Tax Credit Act of 2022 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, iron, and boron, which may also include praseodymium, terbium, or dysprosium; or (2) an alloy of samarium and cobalt, which may...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 28, 2022 |
Read twice and referred to the Committee on Finance.
|
| July 28, 2022 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |