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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.
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Status: Introduced
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Additional Information
Print number: 119_HR_4466
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2025-07-16