California to tax lithium extraction beginning in 2023
A new tax on lithium extraction in California will go into effect next year, charging companies for each metric ton of lithium mined out of the Salton Sea. This tax will charge companies anywhere from $400 to $800 dollars per metric ton of extracted lithium. 80% of the money will go to the county the lithium was mined in and 20% will go toward Salton Sea renovation projects. Assemblymember Eduardo Garcia says the tax is about making sure the citizens of Imperial get their fair share.