US HB7473

Increases the advanced manufacturing production tax credit for electrode active materials from 10% to 25% under Section 45X of the Internal Revenue Code

Excludes battery materials, cells, or modules containing critical minerals extracted, processed, or recycled by prohibited foreign entities after December 31, 2026 from qualifying for the credit

Expands the definition of electrode active materials to include precursor materials (such as cobalt sulfate, lithium hydroxide, and synthetic graphite pitch) and solid state electrolytes

Adds silicon and silicon composites used in battery anodes to the list of applicable critical minerals eligible for tax credits

Extends the phaseout timeline for critical minerals credits (excluding metallurgical coal) by 11 years, from 2030 to 2041, with full phaseout by 2044