arrow_back Trending Legislation
Share share

Tax Relief for Wastewater Management: New Rules for Homeowners.

This bill amends tax laws to allow homeowners to exclude from taxable income subsidies received from state or local governments for the purchase or installation of wastewater management systems, such as septic tanks. This means money received for these purposes will not be counted as taxable income, potentially reducing citizens' tax bills. These changes apply to amounts received after December 31, 2018.
Key points
State or local government subsidies for wastewater systems (e.g., septic tanks) for a principal residence will not be taxed.
The definition of wastewater management measures includes installations or modifications primarily designed to manage wastewater in dwelling units.
The changes are retroactive, applying to amounts received after December 31, 2018.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
Print number: HR 2711
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2021-04-20