Critical Mineral and Extraction Tax Parity Act

S. 5330 would amend the Internal Revenue Code of 1986 to expand and improve the advanced manufacturing production tax credit. The bill's full legislative text has not yet been published, so the specific changes it would make — such as which manufacturing activities, components, or materials would qualify, or how credit amounts or eligibility rules might be adjusted — are not yet known.

Because the text is unavailable, it is not yet possible to say precisely who would be affected or how. Given the bill's stated purpose, it would likely be of interest to manufacturers and businesses that currently claim or could claim the advanced manufacturing production tax credit, but the extent and nature of any impact cannot be determined until the text is released.

The bill was introduced in the Senate on August 6, 2026, by Sen. John Curtis (R-UT). It is currently at the introduction stage, the first step in the legislative process. From here, it would typically be referred to a Senate committee (such as the Committee on Finance, which handles tax matters) for review before any further action, such as a committee vote, floor consideration, or amendment, could occur. There is no indication yet of committee assignment or scheduled action.

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