- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedDecember 8th, 2009
- house Committees
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Clean Air and Water Investment Act of 2009
To permit the issuance of tax-exempt bonds for air and water pollution control facilities.
Clean Air and Water Investment Act of 2009 - Amends the Internal Revenue Code to include air and water pollution control facilities among the projects for which tax-exempt facility bonds may be issued. Defines such facilities as any property: (1) to be used to abate or control water or atmospheric pollution or contamination by removing, altering, disposing, or storing pollutants, contaminants, wastes, or heat; (2) which is either land or of a character subject to the allowance for depreciation; and (3) that a federal, state, or local agency has certified is designed for abating or controlling atmospheric or water pollution or for meeting local requirements for controlling such pollution. Provides that a water pollution control facility includes the necessary intercepting sewers, pumping, power, and other equipment, and their appurtenances. Makes this Act applicable to bonds issued after December 31, 2008.