Bill > S4506

This bill, titled the "Advancing Water Reuse Act," amends the Internal Revenue Code of 1986 to create a new investment credit for qualifying water reuse projects. This credit, which is equal to 30 percent of the qualified investment, applies to tangible property used in projects that install, modify, or replace onsite water recycling systems within industrial, manufacturing, data center, or food processing facilities, or that replace the use of freshwater with recycled water from a municipal provider for business operations, or that build or expand municipal water recycling systems to supply recycled water for business use. "Recycled water" is defined as treated former wastewater suitable for a beneficial use, and a "water recycling system" includes the infrastructure for producing, storing, conveying, and using this recycled water. The bill also includes special rules for property transferred to utilities and specifies that the credit applies to projects placed in service within 10 years of the bill's enactment, with construction beginning after the enactment date.