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S. 1239

Referred to Committee

A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.

Introduced 4/20/2021•117th Congress•Senate

Latest Action

Read twice and referred to the Committee on Finance.

4/20/2021 • Senate

Summary

This bill excludes from gross income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.

Introduced in Senate • 4/20/2021

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Topics & Subjects

Policy Area: Taxation
Income tax exclusionPublic utilities and utility ratesResidential rehabilitation and home repairSolid waste and recyclingWater qualityWater use and supply

Congressional Votes (0)

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Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (1)

Sponsor

S[
Sen. Gillibrand, Kirsten E. [D-NY]

Democrat • NY

Sponsored 4/20/2021

No cosponsors yet

Cosponsors may be added as the bill moves through Congress