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Creates a new tax credit equal to 30% of a taxpayer’s qualified investment in an eligible water reuse project. The credit is added to the Internal Revenue Code as new section 48F, defines what counts as a qualifying water reuse project and qualified investment, includes special rules for property transferred to utilities, amends related tax provisions, and sets a termination date for new projects (so projects begun after that date are not eligible).
Referred to the House Committee on Ways and Means.
Introduced April 17, 2025 by Darin Lahood · Last progress 10 months ago