H.R.7473

Amends the Internal Revenue Code to modify the advanced manufacturing credit for battery component production.

The Critical Minerals and Manufacturing Support Act 2.0 amends the Internal Revenue Code to modify the advanced manufacturing credit for battery component production. It increases the credit amount for electrode active materials from 10 percent to 25 percent. It also redefines "electrode active material" to include precursor materials and solid state electrolytes. The bill extends the phase-out period for applicable critical minerals other than metallurgical coal from 2030 to 2041. The amendments apply to components produced and sold after December 31, 2026.