The Critical Minerals Independence Act allows companies to receive tax credits for recycling materials from used lithium-ion batteries. This helps boost the supply of important minerals needed for technology and energy storage.
If you work in battery recycling, your company could benefit from new tax credits starting in 2025.
Who this affects
Recycling companies · Black mass producers
What changes is this bill making?
1This bill expands a tax credit for advanced manufacturing to include black mass.
2Black mass is a material made from recycled lithium-ion batteries.
3The bill aims to promote the recycling of important minerals like lithium and cobalt.
4It applies to products made and sold starting in 2025.
5This change encourages domestic production of critical minerals.
