S. 4033, Corporate Tax Deduction Expansion. Quorum's AI analysis reads it as a net cost — and names who bears it.
S. 4033 · Net cost
What it does
This bill increases the federal tax deduction (percentage depletion allowance) for companies mining rare earth elements, scandium, and tantalum from the current rate to 22%, effective immediately upon enactment.
The analysis names rare earth mining companies — and 2 more groups — among the beneficiaries.
The cost
Increases federal revenue loss (foregone tax receipts) without corresponding appropriation or offset, potentially widening the deficit or requiring cuts elsewhere.
Transparency scores 75%, with a medium warning level and no detached riders.
Who is behind it
Filed by Jon Husted.
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