- Louisiana Senate Bill 268 proposes a state sales tax rebate program for lithium projects
- The rebate would apply to purchases related to the development, production, and transportation of lithium
- The program would run from July 1, 2024, to December 31, 2025
- The purpose is to incentivize lithium production for national energy independence
- SB268 has passed the senate Committee on Revenue and Fiscal Affairs
- The rebate is restricted to Louisiana lithium projects
- The bill aims to meet the growing demand for lithium with in-state sources.
Source: theenergylawblog.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
