Advancing Water Reuse Act
Water Recycling: Tax Credits for Businesses
This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Ways and Means. It is actively moving forward as it was recently introduced and sent to committee. There are no upcoming votes scheduled at this time.
Legislative Progress
The bill has support from both parties and addresses water shortages, but tax changes often need to be part of a larger spending package to pass.
Key Points
- This bill creates a new tax credit to help pay for water recycling systems. Businesses could get back 30 percent of what they spend on equipment that cleans and reuses water instead of using fresh water.
- The credit applies to factories, data centers, and food processing plants. It also helps cities build or grow their own water recycling systems to provide water for local businesses.
- The goal is to save fresh water, like groundwater, by using recycled water for making goods or providing services. This helps protect the water supply for homes and farms during droughts.
- The program would last until the end of 2032. Any project that starts before that date would be eligible for the savings.
- By making it cheaper to recycle water, the bill aims to reduce the strain on local water systems. This could help prevent water shortages in areas where water is hard to find.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Advancing Water Reuse Act
Data Sources
Sponsor
Cosponsors
(25)Analysis generated by AI. Always verify with official sources.