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Financing Lead Out of Water Act of 2023
3/14/2024, 1:10 PM
Congressional Summary of S 726
Financing Lead Out of Water Act of 2023
This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.
Read the Full Bill
Current Status of Bill S 726
Bill S 726 is currently in the status of Bill Introduced since March 9, 2023. Bill S 726 was introduced during Congress 118 and was introduced to the Senate on March 9, 2023. Bill S 726's most recent activity was Read twice and referred to the Committee on Finance. as of March 9, 2023
Bipartisan Support of Bill S 726
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
7Democrat Cosponsors
7Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 726
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 726
Financing Lead Out of Water Act of 2023
Financing Lead Out of Water Act of 2023
A bill to amend the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects.
Comments
Sponsors and Cosponsors of S 726
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