Advancing Water Reuse Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2940 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2940 To amend the Internal Revenue Code of 1986 to allow an investment credit for certain water reuse projects. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 17, 2025 Mr. LaHood (for himself, Ms. Sanchez, Ms. Tenney, and Mr. Schneider) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow an investment credit for certain water reuse projects. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Advancing Water Reuse Act''. SEC. 2. QUALIFYING WATER REUSE PROJECT CREDIT. (a) In General.--Subpart E of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 48E the following new section: ``SEC. 48F. QUALIFYING WATER REUSE PROJECT CREDIT…