Ask AI
S. 4664

A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain waste water management subsidies.

This bill excludes from gross income, for income tax purposes, a taxpayer subsidy provided by a state or local government to a resident for the purchase or installation of any wastewater management measure intended solely for the taxpayer's principal residence.

Read twice and referred to the Committee on Finance.

Sen. Gillibrand, Kirsten E. [D-NY](D-NY)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions2related bills6subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross incom… — Informed