This bill creates a tax credit for water reuse projects. It amends the Internal Revenue Code to allow a 30% investment credit for certain water reuse projects.
Sec. 2, Qualifying water reuse project credit: This section adds a new tax credit equal to 30% of the qualified investment in a qualifying water reuse project. The qualified investment is the basis of tangible, depreciable property placed in service as part of the project. A qualifying water reuse project includes installing or modifying an onsite water recycling system in industrial, manufacturing, data center, or food processing facilities; replacing freshwater with recycled water from a municipal provider for production or services; or building or expanding a municipal water recycling system for recycled water. There is a special rule allowing a person to transfer property to a utility and still claim the credit if they have a written agreement. The credit does not apply to property where construction begins after December 31, 2032.
Summary of the bill text as introduced in House (Apr 17, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
Actions
HouseIntroduced in HouseApr 17, 2025
HouseReferred to the House Committee on Ways and Means.Apr 17, 2025