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United States · Bill · HR

H.R. 3452 (110th)

To amend the Internal Revenue Code of 1986 to allow a credit with respect to clean renewable water supply bonds.

referredUnited States· United States Congress· EN

Introduced

4 August 2007

Last action

4 August 2007 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Becerra, Xavier [D-CA-34], Rep. Porter, Jon C. [R-NV-3], Rep. Diaz-Balart, Lincoln [R-FL-21], Rep. Diaz-Balart, Mario [R-FL-26], Rep. Doolittle, John T. [R-CA-4], Rep. Costa, Jim [D-CA-21], Rep. Brown-Waite, Ginny [R-FL-5], Rep. Putnam, Adam H. [R-FL-12], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Kagen, Steve [D-WI-8], Rep. Weldon, Dave [R-FL-15], Rep. Gonzalez, Charles A. [D-TX-20], Rep. Buchanan, Vern [R-FL-16], Rep. Mica, John L. [R-FL-7], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Calvert, Ken [R-CA-41], Rep. Miller, Gary G. [R-CA-42], Rep. Hastings, Alcee L. [D-FL-20], Rep. Miller, Jeff [R-FL-1], Rep. Meek, Kendrick B. [D-FL-17], Rep. Wynn, Albert Russell [D-MD-4], Rep. Brown, Corrine [D-FL-5], Rep. Richardson, Laura [D-CA-37], Rep. Bono, Mary [R-CA-44], Rep. Gallegly, Elton [R-CA-24], Rep. Miller, George [D-CA-11]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to allow holders of clean renewable water supply bonds a tax credit of 25% of the annual credit amount as determined by the Secretary of the Treasury. Defines "clean renewable water supply bond" as any bond issued by a governmental body or an entity qualified to issue tax-exempt bonds that is used for capital expenditures for projects involving a qualified desalination facility, a recycled water facility, or a groundwater remediation facility. Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95% of the proceeds of a bond issue be spent on one or more clean renewable water supply projects within five years from the date of a bond issuance.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 August 2007

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 August 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 August 2007

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 4 August 2007

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 4 August 2007

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 4 August 2007

    Open at official source

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Sponsors

Related records

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Sources

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