Water Conservation Rebate Tax Parity Act

Bill 119 s 857 aims to make changes to the Internal Revenue Code of 1986 in order to broaden the exclusion for specific conservation subsidies. These subsidies would now include support for water conservation or efficiency measures, storm water management measures, and wastewater management measures. This bill seeks to encourage and incentivize individuals and businesses to invest in and implement practices that promote the conservation and efficient use of water resources, as well as the proper management of storm water and wastewater. By expanding the scope of eligible subsidies, this legislation aims to support and promote sustainable and environmentally-friendly practices in these areas.