In CommitteeFiled May 13, 2026
Sponsor: Sen. Luján, Ben Ray [D-NM] (D)
Latest Action
Read twice and referred to the Committee on Finance.
May 13, 2026
Summary
The bill adds a new investment tax credit that lets eligible taxpayers claim 30% of the qualified investment in a water‑reuse project. It covers onsite recycling systems in industrial, manufacturing, data‑center or food‑processing facilities, projects that replace fresh water with treated wastewater, and the construction or expansion of municipal recycling systems. The credit is meant to spur water conservation and reduce dependence on fresh water sources.
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