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Corporate Tax Hike Funds Water Infrastructure, Affordability, and Lead Pipe Replacement.

This Act establishes a dedicated trust fund, financed by increasing the corporate tax rate, to overhaul the nation's aging water and sewer infrastructure. The legislation focuses on ensuring clean, affordable, and reliable water access, mandating studies on affordability and discrimination, and providing substantial funding for critical health issues like lead pipe replacement and PFAS contamination cleanup. States are required to increase subsidies to make water services more accessible to low-income communities.
Key points
Corporate Tax Increase: The corporate tax rate rises from 21% to 24.5% to fund the new Water Trust Fund, potentially allocating up to $35 billion annually for infrastructure.
Lead and PFAS Cleanup: Provides grants to private property owners for replacing lead service lines and offers assistance to public systems and household well owners dealing with PFAS contamination.
Affordability and Equity Focus: Requires states to use at least 50% of federal capitalization grants for additional subsidization (grants or forgivable loans) to improve water affordability and prevent service disconnections.
School Water Safety: Authorizes a massive funding increase (from $5 million to $1.05 billion) for programs dedicated to ensuring school drinking water infrastructure is lead-free.
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Expired
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Additional Information
Print number: 118_S_938
Sponsor: Sen. Sanders, Bernard [I-VT]
Process start date: 2023-03-22
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Water Affordability, Transparency, Equity, and Reliability Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_938.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-22.

What are the main provisions?

Key points include:

  • Corporate Tax Increase: The corporate tax rate rises from 21% to 24.5% to fund the new Water Trust Fund, potentially allocating up to $35 billion annually for infrastructure.
  • Lead and PFAS Cleanup: Provides grants to private property owners for replacing lead service lines and offers assistance to public systems and household well owners dealing with PFAS contamination.
  • Affordability and Equity Focus: Requires states to use at least 50% of federal capitalization grants for additional subsidization (grants or forgivable loans) to improve water affordability and prevent service disconnections.
  • School Water Safety: Authorizes a massive funding increase (from $5 million to $1.05 billion) for programs dedicated to ensuring school drinking water infrastructure is lead-free.
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 Sen. Sanders, Bernard [I-VT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Environment Public Investments Taxes