Authorizes incentives for producing certain critical materials and pharmaceuticals

Summary

The law replaces an old tax rule with new provisions that give sales‑tax breaks and a tax‑credit program for companies that build or expand facilities to make critical metals, minerals and essential drugs. It applies to non‑traditional defense contractors that invest at least $5 million and are not headquartered in countries deemed a security risk. A dedicated grant fund is also created to help cover part of those project costs.

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