Corporate Tax Hike Funds Water Infrastructure, Lead Pipe Replacement, and Affordability
This Act establishes the Water Affordability, Transparency, Equity, and Reliability Trust Fund, financed by increasing the corporate tax rate from 21% to 24.5%, to fund water and sewer infrastructure upgrades. The funds are dedicated to ensuring clean, affordable water, including providing free replacement of lead service lines on private property and supporting communities affected by PFAS contamination. Furthermore, the law mandates a nationwide study on water affordability, service disconnections, and discrimination in water access.
Key points
Corporate tax rate increases from 21% to 24.5% to finance a new Trust Fund dedicated to water infrastructure.
Provides grants for the free replacement of lead service lines on both public and private property, eliminating costs for property owners.
Significantly boosts funding for safe drinking water improvements in schools, rural areas, and underserved border communities (Colonias).
Establishes new job training grants for water and wastewater operators, prioritizing low-income workers.
Mandates a study on water service disconnections, tax liens due to unpaid bills, and discriminatory practices in water service provision.
Introduced
Citizen Poll