summary
Introduced
07/22/2021
07/22/2021
In Committee
07/22/2021
07/22/2021
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 expand the exclusion for certain conservation subsidies to include subsidies for water conservation or efficiency measures and storm water management measures.
AI Summary
This bill amends the Internal Revenue Code of 1986 to expand the exclusion for certain conservation subsidies to include subsidies for water conservation or efficiency measures, storm water management measures, and wastewater management measures provided by public utilities, storm water management providers, or state/local governments to customers or residents. It defines key terms like "water conservation or efficiency measure," "storm water management measure," and "wastewater management measure," and specifies that the amendments apply to amounts received after December 31, 2018, with no inference about the proper tax treatment of such subsidies before January 1, 2022.
Committee Categories
Budget and Finance
Sponsors (23)
Jared Huffman (D)*,
Pete Aguilar (D),
Nanette Barragán (D),
Ami Bera (D),
Julia Brownley (D),
Salud Carbajal (D),
Judy Chu (D),
Jason Crow (D),
Mark DeSaulnier (D),
Ruben Gallego (D),
John Garamendi (D),
Ann Kirkpatrick (D),
Barbara Lee (D),
Mike Levin (D),
Alan Lowenthal (D),
Jerry McNerney (D),
Grace Napolitano (D),
Jimmy Panetta (D),
Raul Ruiz (D),
Adam Schiff (D),
Eric Swalwell (D),
Dina Titus (D),
David Trone (D),
Last Action
Referred to the House Committee on Ways and Means. (on 07/22/2021)
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/house-bill/4647/all-info |
| BillText | https://www.congress.gov/117/bills/hr4647/BILLS-117hr4647ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr4647/BILLS-117hr4647ih.pdf.pdf |
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