CIRCLE Act
Sponsored By: Representative Rep. Suozzi, Thomas R. [D-NY-3]
Introduced
Summary
Creates a recycling property investment tax credit to spur domestic recycling infrastructure. The bill would create a new 30% investment credit for qualifying recycling property, add a 10 percentage point domestic-content bonus, and set a scheduled phaseout through 2037.
Show full summary
- Businesses and investors in recycling facilities would get a 30% tax credit on the basis of eligible property placed in service after Dec. 31, 2025. This lowers the net cost of building or upgrading recycling and reuse equipment.
- Electronics and e-waste recyclers would be explicitly covered because video display units and computer devices are listed as qualifying materials. Manufacturers that buy domestically sourced recycled material would see stronger demand thanks to the 10 percentage point domestic-content bonus.
- Tax limits and compliance rules would affect investors. The bill would bar other credits or deductions for the same property and require reducing the property's tax basis by the credit amount. The Treasury would issue regulations and recordkeeping rules and the credit is full through 2032 then phases down to zero by 2037.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Tax credit for business recycling equipment
If enacted, businesses that buy or build eligible recycling equipment could get a tax credit. The credit would be 30% of the qualifying investment, or 40% if domestic content rules are met. The value would phase down based on when construction starts or when the property is placed in service: full from 2026–2032, then 80% in 2033, 60% in 2034, 40% in 2035, 20% in 2036, and none from 2037. It would apply to property placed in service after December 31, 2025, or to self-built property begun after that date. You would have to reduce the asset’s tax basis by the credit and could not claim other credits or deductions on the same costs. IRS rules would define what counts; burning for fuel or landfill cover would not count, while certain electronics would be included. Special rules would apply for subsidized projects, progress payments, and elective payment (direct pay).
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Sponsors & CoSponsors
Sponsor
Rep. Suozzi, Thomas R. [D-NY-3]
NY • D
Cosponsors
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 7/16/2025
Rep. Carson, Andre [D-IN-7]
IN • D
Sponsored 9/19/2025
Riley (NY)
NY • D
Sponsored 10/17/2025
Rep. Lawler, Michael [R-NY-17]
NY • R
Sponsored 12/9/2025
Roll Call Votes
No roll call votes available for this bill.
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