S 857 119th Congress
Water Conservation Rebate Tax Parity Act
A bill to amend the Internal Revenue Code of 1986 to expand the exclusion for certain conservation subsidies to include subsidies for water conservation or efficiency measures, storm water management measures, and wastewater management measures.
Official Title as Introduced Congress.gov
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Bill journey
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Introduction Congress.gov
Introduced
Introduced in the Senate.
Open bill recordOfficial action Congress.gov
Read twice and referred to the Committee on Finance.
Open bill recordOfficial action Congress.gov
Introduced in Senate
Open bill recordText version Congress.gov
Introduced in Senate
A dated text-version record is available.
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View the complete bill journey as an accessible table
| Date and time | Record | Official detail | Source |
|---|---|---|---|
| IntroductionIntroduced | Introduced in the Senate. | Congress.gov | |
| Official actionRead twice and referred to the Committee on Finance. | No additional detail supplied.IntroReferral · Senate | Congress.gov | |
| Official actionIntroduced in Senate | No additional detail supplied.IntroReferral · Library of Congress · Code 10000 | Congress.gov | |
| Text versionIntroduced in Senate | A dated text-version record is available. | Congress.gov |
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Congressional Research Service
CRS summary
Water Conservation Rebate Tax Parity ActThis bill excludes from gross income (for federal tax purposes) certain subsidies for the purchase or installation of measures to conserve water or manage stormwater or wastewater.Under current law, subsidies received from public utilities for the purchase or installation of measures to reduce electricity or natural gas consumption or improve the management of energy demand in a dwelling are not included in gross income and, therefore, not subject to federal income tax.Under the bill, the exclusion from gross income for such subsidies is expanded to include subsidies provided (directly or indirectly) after 2021by a public utility to a customer or by a state or local government to a resident for the purchase or installation of measures that evaluate water use, reduce water consumption, or improve water management in one or more dwelling units;by a stormwater management company to a customer or by a state or local government to a resident for the purchase or installation of measures to reduce or manage stormwater, including measures to improve or reduce the impact of flooding caused by stormwater, for one or more dwelling units; orby a state or local government to a resident for the purchase or installation of measures that manage wastewater, including septic tanks and cesspools, with respect to a principal residence.
Official documents
Text versions
- Introduced in SenateMar 5, 2025