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Referred to the House Committee on Ways and Means.
Introduced June 10, 2025 by Claudia Tenney · Last progress 8 months ago
Treats the use of tax-exempt bond proceeds to replace privately owned portions of lead service lines as not constituting “private business use.” It adds statutory definitions for qualified lead service line replacement use and related terms, and the rule applies to obligations issued after December 31, 2025. The change makes it easier for issuers to use tax-advantaged municipal bonds to fund replacement of private-side lead pipes without jeopardizing the tax status of those obligations.
