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Easier Financing for Replacing Lead Water Pipes

This act aims to make it easier to finance projects that replace lead water pipes connecting to homes. Changes to tax rules are intended to encourage investment in safer water infrastructure, potentially improving the quality of drinking water from your tap.
Key points
Facilitates financing for replacing privately-owned lead service lines.
Modifies rules on private business use for bonds used in lead pipe replacement.
Aims to support compliance with lead in drinking water regulations.
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Additional Information
Print number: 117_S_4921
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2022-09-22