summary
Introduced
04/12/2019
04/12/2019
In Committee
04/12/2019
04/12/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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 and storm water management measures. This bill expands the tax exclusion for energy conservation subsidies provided by public utilities to include certain subsidies for water conservation or efficiency measures and storm water management measures. The bill excludes from gross income subsidies provided (directly or indirectly) (1) by a public utility to a customer, or by a state or local government to a resident of such state or locality, for the purchase or installation of any water conservation or efficiency measure; and (2) by a storm water management provider to a customer, or by a state or local government to a resident of such state or locality, for the purchase or installation of any storm water management measure.
AI Summary
This bill expands the tax exclusion for energy conservation subsidies provided by public utilities to include certain subsidies for water conservation or efficiency measures and storm water management measures. Specifically, it excludes from gross income subsidies provided (directly or indirectly) by a public utility, a storm water management provider, or a state or local government for the purchase or installation of water conservation or efficiency measures or storm water management measures. The bill also defines the key terms "water conservation or efficiency measure" and "storm water management measure" for the purposes of this tax exclusion. The amendments made by this bill will apply to amounts received after December 31, 2019, and the bill specifies that it does not create any inference about the proper tax treatment of such subsidies before that date.
Committee Categories
Budget and Finance
Sponsors (22)
Jared Huffman (D)*,
Julia Brownley (D),
Judy Chu (D),
Paul Gosar (R),
Raúl Grijalva (D),
Glenn Grothman (R),
Ann Kirkpatrick (D),
Barbara Lee (D),
Mike Levin (D),
Alan Lowenthal (D),
Gwen Moore (D),
Grace Napolitano (D),
Eleanor Holmes Norton (D),
Jimmy Panetta (D),
Ed Perlmutter (D),
Mark Pocan (D),
Jamie Raskin (D),
Raul Ruiz (D),
Adam Schiff (D),
Eric Swalwell (D),
Mark Takano (D),
Dina Titus (D),
Last Action
Referred to the House Committee on Ways and Means. (on 04/12/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/2313/all-info |
| BillText | https://www.congress.gov/116/bills/hr2313/BILLS-116hr2313ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2313/BILLS-116hr2313ih.pdf.pdf |
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