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HR 8143 116th Congress House Taxation Business expenses Business investment and capital Buy American requirements Department of the Interior Income tax deductions Materials Metals Mining Public contracts and procurement Strategic materials and reserves

To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment is made in property used for the mining, reclaiming, or recycling of critical minerals and…

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To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment is made in property used for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and for other purposes.

Introduced: September 11, 2020 Introduced by: Gooden, Lance Republican · Texas See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 10, 2020
Referred to the Subcommittee on Energy and Mineral Resources.
Sep 1, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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.
Sep 1, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

This bill allows permanent expensing of property used in the mining, reclaiming, or recycling of certain critical minerals and metals within the United States and of nonresidential real property used in mining 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 purchasing or acquiring such critical minerals and metals extracted from deposits in the United States.

The bill requires the Department of the Interior to establish a pilot project grant program for the development of critical minerals and metals in the United States. A grant awarded under such program may not exceed $10 million. In awarding grants, Interior must give priority to projects determined to be economically viable over the long term and must allot 30% of grants funds to the secondary recovery of critical minerals and metals.

What's happening now September 10, 2020

Referred to the Subcommittee on Energy and Mineral Resources.

 Related & companion bills 3
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 14
All 14 Democratic 2 Republican 4
D
Swalwell, Eric
California · Dec 3, 2020
 R
Reschenthaler, Guy
Pennsylvania · Sep 30, 2020
 R
Barr, Andy
Kentucky · Sep 11, 2020
Cheney, Liz
· Sep 11, 2020
Gaetz, Matt
· Sep 11, 2020
Gohmert, Louie
· Sep 11, 2020
Taylor, Van
· Sep 11, 2020
YOUNG, DON
· Sep 11, 2020
 D
Cuellar, Henry
Texas · Sep 1, 2020
 D
Gonzalez, Vicente
Texas · Sep 1, 2020
Hurd, Will
· Sep 1, 2020
Olson, Pete
· Sep 1, 2020
 R
Weber, Randy K. Sr.
Texas · Sep 1, 2020
 R
Williams, Roger
Texas · Sep 1, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8143: To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment is made in property used for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8143/
MLA
"H.R. 8143: To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment is made in property used for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8143/.
Bluebook (legal)
H.R. 8143, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8143/.
Markdown link
[H.R. 8143: To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment is made in property used for the mining, reclaiming, or recycling of critical minerals and metals from the United States, and for other purposes.](https://openamerica.io/bill/116-HR-8143/)
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