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Tax Credits for Recycling and Circular Economy Investments

This new law introduces a tax credit for businesses investing in recycling infrastructure. The goal is to increase domestic waste processing, potentially creating new jobs and reducing reliance on imported raw materials. Citizens may benefit from improved environmental quality and greater availability of recycled products.
Key points
Businesses investing in new or upgraded recycling technologies can receive a 30% tax credit on eligible costs.
The act aims to boost the national recycling rate from around 30% to 50% by 2030.
It supports the growth of domestic markets for recycled materials, reducing competition from imported virgin materials.
The credit amount will gradually decrease starting in 2033, phasing out completely by 2037.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4466
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2025-07-16
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

CIRCLE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4466.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-16.

What are the main provisions?

Key points include:

  • Businesses investing in new or upgraded recycling technologies can receive a 30% tax credit on eligible costs.
  • The act aims to boost the national recycling rate from around 30% to 50% by 2030.
  • It supports the growth of domestic markets for recycled materials, reducing competition from imported virgin materials.
  • The credit amount will gradually decrease starting in 2033, phasing out completely by 2037.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Suozzi, Thomas R. [D-NY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Environment Economy