Bill > HR1441

This bill establishes a new tax credit for homeowners who purchase water filtration systems that can remove at least 90 percent of lead, PFAS (per- and polyfluoroalkyl substances), and PFOA (perfluorooctanoic acid) from drinking water. The tax credit allows individuals to claim 20 percent of the cost for filtration systems installed in their primary residence and 10 percent for systems in secondary residences, with a maximum annual credit of $2,500. If the credit exceeds the annual limit, the remaining amount can be carried forward to the next tax year. To qualify, the water filter must be a home system specifically designed to remove these harmful contaminants, and the credit does not cover maintenance or replacement parts. The bill defines key terms like PFAS and PFOA, which are types of potentially harmful chemical compounds found in water. The tax credit will be available for taxable years beginning after December 31, 2024, providing an incentive for homeowners to invest in water filtration systems that improve drinking water safety.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1441/all-info