To amend the Internal Revenue Code of 1986 to provide that any water and sewerage disposal property conveyed under the Department of Defense privatization program shall be treated as a nontaxable contribution to the capital of the recipient.

Armed Forces and National Security Business income tax Capital Commerce Defense contracts Environmental Protection Government Operations and Politics Income tax Infrastructure Military and naval supplies Military bases Privatization Public utilities Sewage treatment plants Sewerage Tax exclusion Taxation Water Resources Development Water treatment plants +16...