Bill117th CongressFiled Aug 13, 2021Taxation
H.R. 5033
Rare Earth Magnet Manufacturing Production Tax Credit Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Aug 13, 2021)
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.
What just happenedAug 13, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Swalwell, Eric [D-CA-15](D-CA)Sponsor
12 cosponsors6 D6 R
12cosponsors1committees3actions1related bills
- Introduced in HouseAug 13, 2021
- Aug 13, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 13, 2021IntroReferralIntro-H
Introduced in House
- Aug 13, 2021IntroReferral1000
Introduced in House