HR 6985 · 117th Congress · Taxation
Financing Lead Out of Water Act of 2022
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2022-03-08)
Plain Language Summary
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Financing Lead Out of Water Act of 2022 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (13)
13 Democrats