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The Missouri Senate is deliberating Senate Bill 1553, which would provide tax credits for companies involved in the extraction and production of critical minerals in the state, capped at $40 million annually. This follows the U.S. government's expansion of the critical minerals list to 60 last year, with over half present in Missouri.

The updated list includes 10 newly recognized minerals such as lead, copper, and phosphate. The initiative is driven by concerns over reliance on foreign minerals, particularly for military applications like the F-35 fighter jets. The bill requires approval from the full state senate to progress to the Missouri House.