To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.

I 117TH CONGRESS 1ST SESSION H. R. 2711 To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies. IN THE HOUSE OF REPRESENTATIVES APRIL 20, 2021 Mr. SUOZZI (for himself, Mr. GARBARINO, Miss RICE of New York, and Mr. ZELDIN) introduced the following bill; which was referred to the Com- mittee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. MODIFICATIONS TO INCOME EXCLUSION FOR 3 CERTAIN WASTEWATER MANAGEMENT SUB- 4 SIDIES. 5 (a) IN GENERAL.—Section 136(a) of the Internal 6 Revenue Code of 1986 is amended— 7 (1) by striking ‘‘any subsidy provided’’ and in- 8 serting ‘‘any subsidy— 9 VerDate Sep 11 2014 23:46 Jun 02, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2711.IH H2711 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 2711 IH ‘‘(1) provided’’, 1 (2) by striking the period at the end and insert- 2 ing ‘‘, or’’, and 3 (3) by adding at the end the following new 4 paragraph: 5 ‘‘(2) provided (directly or indirectly) by a State 6 or local government to a resident of such State or 7 locality for the purchase or installation of any waste- 8 water management measure, but only if such meas- 9 ure is with respect to the taxpayer’s principal resi- 10 dence.’’. 11 (b) DEFINITION OF WASTEWATER MANAGEMENT 12 MEASURE.—Section 136(c) of such Code is amended— 13 (1) by striking ‘‘ENERGY CONSERVATION 14 MEASURE’’ in the heading thereof and inserting 15 ‘‘DEFINITIONS’’, 16 (2) by striking ‘‘IN GENERAL’’ in the heading of 17 paragraph (1) and inserting ‘‘ENERGY CONSERVA- 18 TION MEASURE’’, and 19 (3) by redesignating paragraph (2) as para- 20 graph (3) and by inserting after paragraph (1) the 21 following: 22 ‘‘(2) WASTEWATER MANAGEMENT MEASURE.— 23 For purposes of this section, the term ‘wastewater 24 management measure’ means any installation or 25 VerDate Sep 11 2014 23:46 Jun 02, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2711.IH H2711 kjohnson on DSK79L0C42PROD with BILLS 3 •HR 2711 IH modification of property primarily designed to man- 1 age wastewater (including septic tanks and cess- 2 pools) with respect to one or more dwelling units.’’. 3 (c) CLERICAL AMENDMENTS.— 4 (1) The heading for section 136 of such Code 5 is amended— 6 (A) by inserting ‘‘AND WASTEWATER’’ 7 after ‘‘ENERGY’’, and 8 (B) by striking ‘‘PROVIDED BY PUBLIC 9 UTILITIES’’. 10 (2) The item relating to section 136 in the table 11 of sections of part III of subchapter B of chapter 1 12 of such Code is amended— 13 (A) by inserting ‘‘and wastewater’’ after 14 ‘‘energy’’, and 15 (B) by striking ‘‘provided by public utili- 16 ties’’. 17 (d) EFFECTIVE DATE.—The amendments made by 18 this section shall apply to amounts received after Decem- 19 ber 31, 2018. 20 Æ VerDate Sep 11 2014 23:46 Jun 02, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H2711.IH H2711 kjohnson on DSK79L0C42PROD with BILLS