United States 119th Congress Status: In Committee Bipartisan · 3 D · 3 R cosponsors

HR 4466 — CIRCLE Act

Last action — Referred to the House Committee on Ways and Means.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced July 16, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Advancing 42% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 6 sponsors

    1 primary, 5 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 D · 3 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill establishes a tax credit for investments in recycling infrastructure.

The CIRCLE Act proposes a new tax credit for investments in recycling property, aiming to enhance recycling efforts in the U.S. It offers a 30% credit on qualified investments made in recycling infrastructure.

What this means for you
  • Environment: This bill could enhance domestic recycling capabilities, impacting environmental sustainability efforts.

Bill Text

Sections of law this bill changes

1 section in 1 law

From the bill's own amending language, matched to the official United States Code (current through Public Law 119-124).

Normal taxes and surtaxes · 26 U.S.C. ch. 1 1 section
  • § 46 Amount of credit Amends

    26 U.S.C. § 46

    The law today

    For purposes of section 38, the amount of the investment credit determined under this section for any taxable year shall be the sum of— (1) the rehabilitation credit, (2) the energy credit, (3) the qualifying advanced coal project credit, (4) the qualifying gasification project credit, (5) the qualifying advanced energy project credit, (6) the advanced manufacturing investment credit, and (7) the clean electricity investment credit.

    86 other bills also change this section · Follow it → Official text at uscode.house.gov ↗

How this bill changes current law

11 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes a new tax credit for investments in recycling property under the Internal Revenue Code.

  • Section 46

    none → the recycling property investment credit.

    This adds the new recycling property investment credit as part of the investment credits under Section 46.

  • Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986

    none → SEC. 48F. RECYCLING PROPERTY INVESTMENT CREDIT. (a) In General.--For purposes of section 46, the recycling property investment credit for any taxable year is an amount equal to 30 percent of the qualified investment for such taxable year. (b) Qualified Investment.-- (1) In general.--For purposes of subsection (a), the qualified investment for any taxable year is the basis of any eligible property placed in service by the taxpayer during such taxable year. (2) Eligible property.--For purposes of this section, the term `eligible property' means property-- (A) which is qualified recycling property, (B) with respect to which depreciation (or amortization in lieu of depreciation) is allowable, and (C)(i) the construction, reconstruction, addition, or erection of which is completed by the taxpayer, or (ii) which is acquired by the taxpayer if the original use of such property commences with the taxpayer.

    This creates a new section (48F) that defines the recycling property investment credit and outlines eligibility criteria.

  • Section 46

    none → Rules similar to the rules of subsections (c)(4) and (d) of section 46 (as in effect on the day before the date of the enactment of the Revenue Reconciliation Act of 1990) shall apply.

    This applies existing progress expenditure rules to the new recycling property investment credit.

  • Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986

    none → 50 percent by 2030.

    This provides specific requirements and guidelines for the new recycling property investment credit.

  • Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986

    none → 10 percentage points of the amount so determined.

    This establishes a domestic content bonus for qualifying recycling investments.

  • Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986

    none → 100 percent.

    This sets a phase-out schedule for the tax credit based on the determination date of eligible property.

  • Section 46

    none → no other credit or deduction shall be allowed for, or by reason of, such property to the extent of the amount of such credit.

    This denies double benefits in relation to the new recycling property investment credit.

  • Section 46

    none → the amount of such credit.

    This reduces the basis of the property by the amount of the credit received.

  • Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986

    none → SEC. 48F. RECYCLING PROPERTY INVESTMENT CREDIT.

    This defines and describes the new recycling property investment credit within the tax code.

  • Section 48F

    none → The Secretary shall issue such regulations or other guidance as the Secretary determines necessary to carry out the purposes of this section.

    This requires guidance for the implementation of the new credit.

  • Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986

    none → Definitions.--For purposes of this section...

    This section adds definitions necessary for the interpretation and application of the recycling property investment credit.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 5 co-sponsors · 541 not signed on

Sponsors (1)

Co-sponsors (5)

Not signed on (541)

541 members have not signed on to this bill.

Show all 541 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 4466?
HR 4466 is sponsored by Fitzpatrick, Brian K. (Republican), Carson, André (Democratic), Riley, Josh (Democratic), Lawler, Michael (Republican), Hurd, Jeff (Republican), and Suozzi, Thomas R. (Democratic).
What is the current status of HR 4466?
This bill is in committee in the House. Introduced July 16, 2025. It must pass committee before a floor vote.
Where can I track HR 4466?
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