Financing Lead Out of Water Act of 2023

Senate Bill 726 - Financing Lead Out of Water Act of 2023: Overview, Status, and Impact

Hozzl · 2024-03-14T13:10:27Z

Explore the details of Senate Bill 726 Financing Lead Out of Water Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 726

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 726

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.