Water Conservation Rebate Tax Parity Act

Today's wording of each part of the law, with what would be struck out and added. Each change also gives the bill's own instruction, word for word.

1. 26 U.S.C. 136changedby H.R. 1871 Sec. 2(a)

   (a) Exclusion. Gross income shall not include the value of any subsidy provided (directly or indirectly) by a public utility to a customer for the purchase or installation of any energy conservation measure. (b) Denial of double benefit. Notwithstanding any other provision of this subtitle, no deduction or credit…

   The bill says: by striking "any subsidy provided" and inserting

   Bill text · Current law (26 U.S.C. 136)

2. 26 U.S.C. 136changedby H.R. 1871 Sec. 2(a)

   The bill says: by striking the period at the end and inserting a comma, and

   Bill text · Current law (26 U.S.C. 136)

3. 26 U.S.C. 136added (2)by H.R. 1871 Sec. 2(a)

   (2) provided (directly or indirectly) by a public utility to a customer, or by a State or local government to a resident of such State or locality, for the purchase or installation of any water conservation or efficiency measure,(3) provided (directly or indirectly) by a storm water management provider to a customer, or by a State or local government to a resident of such State or locality, for the purchase or installation of any storm water management measure, or(4) provided (directly or indirectly) by a State or local government to a resident of such State or locality for the purchase or installation of any wastewater management measure, but only if such measure is with respect to the taxpayer’s principal residence.

   The bill says: by adding at the end the following new paragraphs:

   Bill text · Current law (26 U.S.C. 136)

4. 26 U.S.C. 136(c)changedby H.R. 1871 Sec. 2(b)

   (c) Energy conservation measureDefinitions. (1) In general. For purposes of this section, the term "energy conservation measure" means any installation or modification primarily designed to reduce consumption of electricity or natural gas or to improve the management of energy…

   The bill says: by striking "Energy conservation measure" in the heading thereof and inserting "Definitions",

   Bill text · Current law (26 U.S.C. 136)

5. 26 U.S.C. 136(c)changedby H.R. 1871 Sec. 2(b)

   (c) Energy conservation measure. (1) In generalEnergy conservation measure. For purposes of this section, the term "energy conservation measure" means any installation or modification primarily designed to reduce consumption of electricity or natural gas or to improve the management of energy demand with respect…

   The bill says: by striking "In general" in the heading of paragraph (1) and inserting "Energy conservation measure", and

   Bill text · Current law (26 U.S.C. 136)

6. 26 U.S.C. 136(c)renumberedby H.R. 1871 Sec. 2(b)

   (2) Water conservation or efficiency measure.— For purposes of this section, the term water conservation or efficiency measure means any evaluation of water use, or any installation or modification of property, the primary purpose of which is to reduce consumption of water or to improve the management of water demand with respect to one or more dwelling units.(3) Storm water management measure.— For purposes of this section, the term storm water management measure means any installation or modification of property primarily designed to reduce or manage amounts of storm water with respect to one or more dwelling units, including an installation or modification to prevent or reduce the impacts of storm water-caused flooding to such property.(4) Wastewater management measure.— For purposes of this section, the term wastewater management measure means any installation or modification of property primarily designed to manage wastewater (including septic tanks and cesspools) with respect to one or more dwelling units.

   The bill says: by redesignating paragraph (2) as paragraph (5) and by inserting after paragraph (1) the following:

   Bill text · Current law (26 U.S.C. 136)

From the bill's official text on GovInfo and the U.S. Code, 2024 edition, which may not yet show changes made since.