Advancing Water Reuse Act proposes a tax credit for investments in 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, replacing, or modifying onsite water recycling systems in industrial, manufacturing, data center, or food processing facilities; replacing freshwater with recycled water from municipal providers; and building or expanding municipal water recycling systems. The credit is equal to 30% of the qualified investment for the taxable year.
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