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Increased Tax Credits for Water Submetering in Affordable Housing.

This new law aims to encourage the installation of individual water meters in affordable housing buildings. This means residents will only pay for their actual water usage, potentially lowering their bills. Developers who install these meters will receive increased tax credits.
Key points
Residents in affordable housing may pay less for water with individual meters.
Developers building affordable housing with water submeters will receive larger tax credits.
Tenants will have access to read their water submeters within 72 hours of request.
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Status: Introduced
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Additional Information
Print number: 119_HR_3126
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-04-30