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USA Batteries Act: Eliminating Taxes on Key Battery Components

The USA Batteries Act aims to eliminate specific taxes on lead oxide, antimony, and sulfuric acid, which are used in battery production. This change could make domestic lead battery manufacturers more competitive, potentially stabilizing prices for products that rely on these batteries, such as vehicles and energy systems.
Key points
Tax elimination on raw materials: The act removes taxes on lead oxide, antimony, and sulfuric acid, essential for lead battery production.
Support for domestic industry: This change seeks to boost the competitiveness of American battery manufacturers, who currently face taxes not applied to imported batteries.
Potential price impact: Lower production costs could lead to more stable prices for end products using lead batteries, such as those in transportation or telecommunications.
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Additional Information
Print number: 118_HR_1594
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2023-03-14