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Bill > S1239
US S1239
US S1239A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
summary
Introduced
04/20/2021
04/20/2021
In Committee
04/20/2021
04/20/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
AI Summary
This bill amends the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies. Specifically, it allows taxpayers to exclude from their taxable income any subsidies (directly or indirectly) provided by state or local governments to residents for the purchase or installation of wastewater management measures, such as septic tanks or cesspools, related to the taxpayer's principal residence. Additionally, the bill updates the terminology in the existing law to reflect this new provision for wastewater management measures, in addition to the existing provisions for energy conservation measures.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Read twice and referred to the Committee on Finance. (on 04/20/2021)
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/117th-congress/senate-bill/1239/all-info |
| BillText | https://www.congress.gov/117/bills/s1239/BILLS-117s1239is.pdf |
| Bill | https://www.congress.gov/117/bills/s1239/BILLS-117s1239is.pdf.pdf |
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