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 waste-water management measures.

Bill 118 s 4897, also known as the "Water Conservation Subsidies Expansion Act," aims to make changes to the Internal Revenue Code of 1986. The main purpose of this bill is to broaden the current exclusion for conservation subsidies to include subsidies for water conservation or efficiency measures, storm water management measures, and waste-water management measures.

Currently, the Internal Revenue Code allows for certain conservation subsidies to be excluded from taxable income. However, this exclusion does not cover subsidies related to water conservation, storm water management, or waste-water management. This bill seeks to rectify this by expanding the scope of the exclusion to include these important areas of conservation.

By including subsidies for water conservation or efficiency measures, storm water management measures, and waste-water management measures in the exclusion, this bill aims to incentivize individuals and businesses to invest in these critical conservation efforts. This could lead to increased adoption of sustainable practices and technologies that help protect our water resources and environment. Overall, the Water Conservation Subsidies Expansion Act is a step towards promoting conservation and sustainability in the United States. It recognizes the importance of water conservation and management and seeks to provide support for these efforts through the tax code.