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Tax Changes: Government Contributions to Water and Sewerage Infrastructure.

This bill modifies tax rules for financial contributions from government entities, especially for water and sewerage companies. It means certain funds received for building or improving water and sewerage infrastructure will not be treated as taxable income, potentially affecting service costs for citizens.
Key points
Funds received by water and sewerage utilities from government for infrastructure construction will not be taxed as income.
Companies must use these funds for specific water or sewerage infrastructure purposes within a set timeframe.
No deductions or tax credits will be allowed for expenditures covered by these untaxed contributions.
The changes apply to contributions made after December 22, 2017.
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Expired
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Additional Information
Print number: 117_HR_5366
Sponsor: Rep. Kuster, Ann M. [D-NH-2]
Process start date: 2021-09-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to provide that certain contributions by government entities are treated as contributions to capital.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5366.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-24.

What are the main provisions?

Key points include:

  • Funds received by water and sewerage utilities from government for infrastructure construction will not be taxed as income.
  • Companies must use these funds for specific water or sewerage infrastructure purposes within a set timeframe.
  • No deductions or tax credits will be allowed for expenditures covered by these untaxed contributions.
  • The changes apply to contributions made after December 22, 2017.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kuster, Ann M. [D-NH-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Public Investments