Advancing Water Reuse Act allows a tax credit for water reuse projects.
The Advancing Water Reuse Act amends the Internal Revenue Code to introduce a tax credit for investments in qualifying water reuse projects. These projects include installing water recycling systems in industrial or data center facilities, replacing freshwater with recycled water for production, or expanding municipal water recycling systems. The credit is equal to 30 percent of the qualified investment for each taxable year. The credit applies to property placed in service after the enactment of this Act but before January 1, 2033.
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