SEPTIC Act

Summary

The SEPTIC Act amends the Internal Revenue Code to let homeowners exclude from taxable income any subsidy they receive from state or local governments for buying or installing wastewater management equipment, such as septic tanks. This tax break applies only to subsidies tied to the taxpayer’s residence and takes effect for payments received after the law is enacted. By reducing the tax cost of these subsidies, the bill aims to encourage proper wastewater treatment in homes.

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