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Senate Bill 1239
117th Congress(2021-2022)
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
Introduced
Introduced
Introduced in Senate on Apr 20, 2021
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Introduced in Senate 
Apr 20, 2021
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Introduced in Senate(Apr 20, 2021)
Apr 20, 2021
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S. 1239 (Introduced-in-Senate)


117th CONGRESS
1st Session
S. 1239


To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.

IN THE SENATE OF THE UNITED STATES

April 20, 2021

Mrs. Gillibrand introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Modifications to income exclusion for certain waste water management subsidies.

(a) In general.—Section 136(a) of the Internal Revenue Code of 1986 is amended—

(1) by striking “any subsidy provided” and inserting “any subsidy—

“(1) provided”,

(2) by striking the period at the end and inserting “, or”, and

(3) by adding at the end the following new paragraph:

“(2) provided (directly or indirectly) by a State or local government to a resident of such State or locality for the purchase or installation of any wastewater management measure, but only if such measure is with respect to the taxpayer’s principal residence.”.

(b) Definition of waste water management measure.—Section 136(c) of such Code is amended—

(1) by striking “Energy conservation measure” in the heading thereof and inserting “Definitions”,

(2) by striking “In general” in the heading of paragraph (1) and inserting “Energy conservation measure”, and

(3) by redesignating paragraph (2) as paragraph (3) and by inserting after paragraph (1) the following:

“(2) WASTEWATER MANAGEMENT MEASURE.—For purposes of this section, the term ‘wastewater management measure’ means any installation or modification of property primarily designed to manage wastewater (including septic tanks and cesspools) with respect to one or more dwelling units.”.

(c) Clerical amendments.—

(1) The heading for section 136 of such Code is amended—

(A) by inserting “and waste water” after “energy”, and

(B) by striking “provided by public utilities”.

(2) The item relating to section 136 in the table of sections of part III of subchapter B of chapter 1 of such Code is amended—

(A) by inserting “and waste water” after “energy”, and

(B) by striking “provided by public utilities”.

(d) Effective date.—The amendments made by this section shall apply to amounts received after December 31, 2018.