S. 1910 · 110th Congress
A bill to amend the Internal Revenue Code of 1986 to provide that amounts derived from Federal grants and State matching funds in connection with revolving funds established in accordance with the Federal Water Pollution Control Act and the Safe Drinking Water Act will not be treated as proceeds or replacement proceeds for purposes of section 148 of such Code.
- Stage
- In committee
- Sponsor
- Jack Reed
- Introduced
- 2007-08-01
- Latest action
- 2007-08-01 · Introduced in Senate
Subjects
Taxation
Water Resources Development
Economics and Public Finance
Finance and Financial Sector
Income tax
Environmental Protection
Potable water
Federal aid to water pollution control
Bonds
Tax exemption
Revolving funds