Advancing Water Reuse Act provides 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 an onsite water recycling system, replacing freshwater with recycled water, or building or expanding a municipal water recycling system. The credit is equal to 30 percent of the qualified investment for each taxable year. The credit applies to projects that begin construction after the enactment of this Act, with a 10-year limit from the date of enactment for project completion.
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