Bill > HR6826

This bill, titled "Critical Minerals Independence," amends the Internal Revenue Code of 1986 to expand an existing tax credit for advanced manufacturing production to include "black mass." Black mass is defined as the intermediate material created from processing used lithium-ion or similar batteries, containing key components like lithium, nickel, cobalt, manganese, and graphite, before these metals are individually purified. This expansion aims to incentivize the domestic production of this material, which is crucial for manufacturing new batteries and reducing reliance on foreign sources for critical minerals, and will take effect for components produced and sold in taxable years starting after December 31, 2024.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6826/all-info