Lithium Battery Buy-back Trust Fund
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(a) In general Subchapter A of Chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 9512. Lithium Battery Buy-back Trust Fund (a) Creation of Trust Fund There is hereby established in the Treasury of the United States a trust fund to be known as the Lithium Battery Buy-Back Trust Fund, consisting of such amounts as may be appropriated to such Trust Fund as provided in this section. (b) Transfer to Trust Fund of amounts equivalent to certain taxes There are hereby appropriated to the Lithium Battery Buy-Back Trust Fund amounts equivalent to the taxes received in the Treasury under section 4191. (c) Expenditures from Trust Fund Amounts in the Lithium Battery Buy-Back Trust Fund shall be available, without further appropriation, to the Secretary of Energy to carry out the National Battery Recycling Program described in section 5 of the Battery Fire Prevention Act.. (b) Clerical amendment The table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item: 9512. Lithium Battery Buy-Back Trust Fund.. (c) Effective date The amendments made by this section shall apply to taxes received after December 31, 2025.