HR 1407 · 118th Congress · Taxation

Financing Lead Out of Water Act

Introduced 2023-03-07· Sponsored by Rep. Kildee, Daniel T. [D-MI-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Work and Welfare.(2024-12-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

15 Democrats5 Republicans