Rosen Successfully Pushes Biden Administration to Make Extraction, Material Costs of Critical Minerals Eligible for Tax Credits

LAS VEGAS, NV - Today, U.S. Senator Jacky Rosen (D-NV) announced that she successfully pushed the Biden Administration to update tax credit guidance to include extraction and material costs of critical minerals. Earlier this year, Rosen urged Treasury Secretary Janet Yellen to allow critical mineral mining and processing activities to qualify for the 45X tax credit they passed in the Inflation Reduction Act.

"Nevada is a national leader in mining and critical minerals production, and supporting this industry means growing Nevada's economy and creating good-paying jobs. That's why I pushed the Administration to allow mining and processing activities to qualify for the 45X tax credit we created in the Inflation Reduction Act," said Senator Rosen. "I will stand up to anyone, even my own party, to support industries that are critical for Nevada and our economy."

Senator Rosen has been a leader in securing the domestic critical minerals supply chain and advocating for clean energy technologies. Last year, she sent a letter to U.S. National Science Foundation Director Sethuraman Panchanathan requesting an update on the implementation of the provision she secured in the CHIPS and Science Act of 2022 to support the critical mineral mining industry and bolster the mining workforce. She also pushed back on the Biden Administration's report on mining on federal lands, highlighting its lack of support for domestic mining and critical mineral supply chains. Senator Rosen also helped introduce bipartisan legislation to protect critical mineral production in response to the misguided Rosemont decision, which is threatening mining projects in Nevada and across the West.

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