arrow_back Trending Legislation
Share share

Tax exclusion for wastewater management subsidies for homeowners.

This bill amends tax laws to exclude subsidies received from state or local governments for the purchase or installation of wastewater management systems (like septic tanks) in a principal residence from taxable income. This means citizens receiving such support will not have to pay taxes on it, potentially reducing the costs associated with property maintenance.
Key points
State or local government subsidies for wastewater systems in a principal residence are tax-exempt.
The exclusion covers installation or modification of systems like septic tanks and cesspools.
Changes apply 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
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
Print number: S 1239
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY]
Process start date: 2021-04-20