- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedSeptember 24th, 2009
- senate Committees
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Water Efficiency and Conservation Investment Act of 2009
A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for making homes more water-efficient, for building new water-efficient homes, for public water conservation, and for other purposes.
Water Efficiency and Conservation Investment Act of 2009 - Amends the Internal Revenue Code to: (1) allow, through 2014, individual taxpayers a tax credit for 50% of the cost, up to $750 per year, of installing qualified water efficiency property in a residence; (2) allow building contractors, through 2014, a $1,500 tax credit for each qualified, new, water efficient home constructed and sold to a homeowner; (3) allow the issuance of tax-exempt water conservation bonds; and (4) exempt prepayments under a qualified electricity supply contract from tax-exempt bond arbitrage rules.