Water Conservation Rebate Tax Parity Act
Latest action · Mar 5, 2025 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 5, 2025
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Water Conservation Rebate Tax Parity Act
This bill excludes from gross income (for federal tax purposes) certain subsidies for the purchase or installation of measures to conserve water or manage stormwater or wastewater.
Under current law, subsidies received from public utilities for the purchase or installation of measures to reduce electricity or natural gas consumption or improve the management of energy demand in a dwelling are not included in gross income and, therefore, not subject to federal income tax.
Under the bill, the exclusion from gross income for such subsidies is expanded to include subsidies provided (directly or indirectly) after 2021
- by a public utility to a customer or by a state or local government to a resident for the purchase or installation of measures that evaluate water use, reduce water consumption, or improve water management in one or more dwelling units;
- by a stormwater management company to a customer or by a state or local government to a resident for the purchase or installation of measures to reduce or manage stormwater, including measures to improve or reduce the impact of flooding caused by stormwater, for one or more dwelling units; or
- by a state or local government to a resident for the purchase or installation of measures that manage wastewater, including septic tanks and cesspools, with respect to a principal residence.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Mar 5, 2025 to May 18, 2026; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Alex Padilla | Original | Mar 5, 2025 |
| D-CO | John W. Hickenlooper | Original | Mar 5, 2025 |
| D-CO | Michael F. Bennet | Mar 11, 2025 | |
| D-CA | Adam B. Schiff | May 20, 2025 | |
| D-AZ | Ruben Gallego | Jun 12, 2025 | |
| D-NM | Ben Ray Luján | May 18, 2026 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 5, 2025 |
Actions 2
Everything that happened, newest first.
- Mar 5, 2025Introduced in Senate
- Mar 5, 2025Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1871 | Water Conservation Rebate Tax Parity Act | Identical bill | Mar 5, 2025 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to expand the exclusion for certain conservation subsidies to include subsidies for water conservation or efficiency measures, storm water management measures, and wastewater management measures.
- Short Title(s) as Introduced
- Water Conservation Rebate Tax Parity Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 5, 2025Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
