US SB4664 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on September 23 2020 - 25% progression, died in committee
Action: 2020-09-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 23 2020 - 25% progression, died in committee
Action: 2020-09-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Excludes from goss income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.
Title
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.
Sponsors
| Sen. Kirsten Gillibrand [D-NY] | Sen. Charles Schumer [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-09-23 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB7280 (Same As) 2020-06-18 - Referred to the House Committee on Ways and Means.
Subjects
Income tax exclusion
Public utilities and utility rates
Residential rehabilitation and home repair
Solid waste and recycling
Taxation
Water quality
Water use and supply
Public utilities and utility rates
Residential rehabilitation and home repair
Solid waste and recycling
Taxation
Water quality
Water use and supply
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4664/all-info |
| Text | https://www.congress.gov/116/bills/s4664/BILLS-116s4664is.pdf |
