Bill > HR1264

This bill, known as the USA Batteries Act, aims to remove lead oxide, antimony, and sulfuric acid from the list of taxable chemicals under the Superfund excise taxes. The bill provides several congressional findings to support this change, highlighting that the current Superfund fee (established in Public Law 117-58) makes American manufacturing less competitive by imposing taxes on chemicals used in domestic battery production that are not levied on imported batteries. The findings emphasize the significance of the lead battery industry in the United States, noting its substantial economic impact of $23.6 billion annually, manufacturing capacity of over 165 GWh, and creation of more than 25,000 direct jobs across 38 states. The bill also points out that lead batteries have a 99 percent recycling rate, are critical for sectors like defense, transportation, and energy generation, and that increased taxes on domestic production could reduce the global competitiveness of the domestic lead battery industry by raising the costs of key raw materials. Specifically, the bill would amend the Internal Revenue Code of 1986 by removing the rows for lead oxide, antimony, and sulfuric acid from the table of taxable chemicals, effectively eliminating the Superfund excise taxes on these specific chemicals.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1264/all-info