# 119-hr-4772: Critical Minerals Investment Tax Modernization Act of 2025

119-hr-4772, Critical Minerals Investment Tax Modernization Act of 2025, is a 119th Congress bill sponsored by Rep. Smith, Adrian [R-NE-3] (R-NE); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4772
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4772
- Congress: 119
- Title: Critical Minerals Investment Tax Modernization Act of 2025
- Status: introduced
- Introduced: 2025-07-25
- Sponsor: Rep. Smith, Adrian [R-NE-3] (R-NE)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expands the 22% percentage depletion deduction to cover rare earth elements and scandium.** This bill would add the 15 lanthanide elements and scandium to the list of minerals eligible for the 22% depletion rate in section 613(b)(1)(B) of the Internal Revenue Code, and the change would apply to taxable years beginning after the date of enactment.

## Cosponsors (3)

- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-07-25T00:00:00.000Z
- Rep. Reschenthaler, Guy [R-PA-14] (R-PA), 2025-07-25T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-10-03T00:00:00.000Z

## Provisions PRIA read

- 22% depletion for rare earth and scandium miners: benefit, high. If enacted, miners who produce rare earths or scandium could claim a 22% percentage depletion deduction. The deduction would be 22% of gross income from the property for that production. For this rule, "rare earths" would mean the 15 lanthanide elements. This would apply to tax years that start aft…

## Related bills

- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-4398: Veteran Burial Timeliness and Death Certificate Accountability Act
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-4772 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4772)

## Related
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-4398: Veteran Burial Timeliness and Death Certificate Accountability Act](https://policyrisk.com/legislation/119-hr-4398)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4772 (as of 2026-04-21).