Ponds and Water-Based Conservation Act of 2009

Ponds and Water-Based Conservation Act of 2009 - Amends the Internal Revenue Code to allow a tax credit for 50% of qualified pond construction expenditures, up to $50,000 in a taxable year. Defines "qualified pond construction expenditures" as amounts, including labor costs, incurred to construct a body of water to promote stormwater management and conservation or foster expansion of water-based habitat for wildlife or fish.