Advancing Water Reuse Act

This bill creates a new federal tax credit to help pay for certain water reuse projects. It adds a “qualifying water reuse project credit” to the tax code to encourage recycling and reuse of water by lowering project costs. It is called the Advancing Water Reuse Act.

Key points

• Who is affected: People or organizations that invest in qualifying water reuse projects.
• What changes: A new investment tax credit would be available for certain water reuse projects, described as a “qualifying water reuse project credit”.
• What to watch for: The provided text does not include details like which projects qualify, the credit amount, or start dates.