Tax Relief and Incentives for Water Conservation
This act aims to encourage the purchase of water-efficient products, such as those with the WaterSense label. Citizens may receive rebates or other financial incentives for buying such products, and these amounts will not be counted as taxable income. Additionally, the scope of tax exclusions for subsidies related to water conservation and stormwater management is expanded.
Key points
Grant program for state, local, and tribal governments, and non-profits to offer financial incentives (e.g., rebates) for purchasing WaterSense products.
Money received as an incentive for purchasing WaterSense products will not be counted as taxable income.
Expansion of existing tax exclusions for subsidies from water utilities, governments, and stormwater management providers for water conservation or stormwater management measures.
Federal agencies will be required to purchase WaterSense products unless they are not cost-effective or available.
Expired
Citizen Poll