“To amend the Internal Revenue Code of 1986 to expand the advanced manufacturing production credit to include black mass.”
No CRS summary available for this bill.
This section expands the advanced manufacturing production credit to include black mass—defined as the intermediate, solid particulate material produced by mechanical or pyrometallurgical processing of spent lithium-ion batteries or similar cells, consisting predominantly of cathode and anode materials such as lithium, nickel, cobalt, manganese, and graphite prior to hydrometallurgical purification. (The credit incentivizes U.S. production of clean energy components such as batteries and solar cells by providing a tax credit based on the producer's sales price or component weight.) The amendments apply to components produced and sold in taxable years beginning after December 31, 2024.