,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cdgi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #aj1 #bjae  
,mr4 ,mac,arthur 7= himself1 ,mr4       
,lo,biondo1 & ,mr4 ,smi? ( ,new ,j]sey7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide a cr$it =      
develop+ & implem5t+ plans to address   
non-po9t s\rce pollution affect+        
nationally significant e/u>ies4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,save our ,bays ,act4  #b4 ,purpose ,!  
purpose ( ?is ,act is to r$uce non-po9t 
s\rce pollution ( any e/u>y 9 !         
,national ,e/u>y ,program by promot+    
inve/m5t 9 any ( ! foll[+3  7#a7 ,re/or+
 & improv+ soil functionality1 includ+  
by increas+ wat] infiltration & wat]    
cons]vation4  7#b7 ,increas+ /orm wat]  
ret5tion onsite4  7#c7 ,r$uc+ imp]vi\s  
cov] via usage ( p]vi\s mat]ials 9      
patios1 walkways1 & o!r surfaces4  7#d7 
,e/abli%+ a #aj to #be foot wide buff] (

 native plants on private prop]ty :i*   
abuts any wat] body or wetl&4  #c4      
,non-po9t s\rce pollution  7a7 ,9 g5]al 
,subp>t ,b ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new section3  #cj;,e4 ,non-po9t s\rce  
pollution  7a7 ,g5]al rule ,!re %all be 
all[$ z a cr$it aga9/ ! tax impos$ by   
?is *apt] an am\nt equal to ! sum (--   
7#a7 ! non-po9t s\rce pollution plann+  
cr$it1 plus  7#b7 ! non-po9t s\rce      
pollution plan implem5tation cr$it4  7b7
 ,non-,po9t ,s\rce ,pollution ,plann+   
,cr$it ,= purposes ( ?is section1 !     
non-po9t s\rce pollution plann+ cr$it is
 an am\nt equal to #ejj = develop+ a    
plan to address non-po9t s\rce pollution
 c>ri$ by surface wat] run(f f eligible 
prop]ty t is own$ by ! taxpay] & c]tifi$
 by ! ,c\nty ,soil ,conv]sation ,di/rict
 79 su* mann] z ! ,c\nty ,soil          
,conv]sation ,di/rict may det]m9e7 9 :i*
 ! real prop]ty is locat$1 &  7c7       
,non-,po9t ,s\rce ,pollution ,plan      

,implem5tation ,cr$it ,! non-po9t s\rce 
pollution plan implem5tation cr$it is an
 am\nt equal to ! less] (-- 7#a7 ! am\nt
 paid or incurr$ = implem5t+ ! plan     
ref]r$ to 9 subsection 7b77#a7 to       
mitigate non-po9t s\rce pollution on    
eligible prop]ty t is own$ by ! taxpay] 
& c]tifi$ by ! ,c\nty ,soil ,conv]sation
 ,di/rict 9 :i* ! real prop]ty is       
locat$1 or  7#b7 #b1ejj4  7d7 ,eligible 
prop]ty ,= purposes ( ?is section1 ! t]m
 eligible prop]ty means real prop]ty :i*
 is locat$ 9 ! ,unit$ ,/ates )9 !       
b\nd>ies ( an e/u>y ( national          
significance1 z designat$ "u section    
#cbj ( ! ,f$]al ,wat] ,pollution        
,control ,act 7#cc ,u4,s4,c4 #accj71 & f
 :i* !re is non-po9t s\rce pollution4   
7e7 ,special rules ,= purposes ( ?is    
section-- 7#a7 ,application to          
noncontigu\s p>cels ,ea* p>cel (        
noncontigu\s real prop]ty %all be treat$
 z sep>ate4  7#b7 ,d5ial ( d\ble b5efit 
7,a7 ,income tax ,no d$uction or cr$it  
%all be all[$ "u any o!r provision ( ?is

 *apt] = am\nts paid or incurr$ to      
develop or implem5t a non-po9t s\rce    
pollution plan to ! ext5t ( am\nts all[$
 z a cr$it "u ?is section relat+ to su* 
plan4  7,b7 ,o!r ,! am\nt ( exp5ses     
o!rwise tak5 into acc\nt "u subsection  
7a7 ) respect to a taxpay] = a taxable  
ye> %all be r$uc$ 7be=e ! application ( 
subsections 7b71 7c71 & 7d77 by !       
aggregate am\nts paid receiv$ by !      
taxpay] 9 any cal5d> ye> 9 :i* ! taxable
 ye> ( ! taxpay] ends "u title ,,xii ( !
 ,food ,security ,act ( #aihe 7#af      
,u4,s4,c4 #chja et seq474  7#c7         
,election ,?is section %all n apply to a
 taxpay] = any taxable ye> if su*       
taxpay] elects to h ?is section n apply 
= su* taxable ye>4  7f7 ,application )  
o!r cr$its  7#a7 ,bus9ess cr$it treat$ z
 "p ( g5]al bus9ess cr$it ,s mu* ( !    
cr$it :i* w\ld be all[$ "u subsection   
7a7 = any taxable ye> 7det]m9$ )\t reg>d
 to ?is subsection7 t is attributable to
 prop]ty ( a "* subject to an all[ance =
 depreciation %all be treat$ z a cr$it  

li/$ 9 section #ch7;b7 = su* taxable ye>
 7& n all[$ "u subsection 7a774  7#b7   
,p]sonal cr$it ,= purposes ( ?is title1 
! cr$it all[$ "u subsection 7a7 = any   
taxable ye> 7det]m9$ aft] application ( 
p>agraph 7#a77 %all be treat$ z a cr$it 
all[able "u subp>t ,a = su* taxable ye>4
  7g7 ,t]m9ation ,?is section %all n    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjbj4  4  7b7 ,all[ance z
 g5]al bus9ess cr$it ,section #ch7;b7 ( 
su* ,code is am5d$ by /rik+ plus at !   
end ( p>agraph 7#ce71 by /rik+ ! p]iod  
at ! end ( p>agraph 7#cf7 & ins]t+ 1    
plus1 & by add+ at ! end ! foll[+3      
7#cg7 ! portion ( ! non-po9t s\rce      
pollution cr$it to :i* section          
#cj;,e7f77#a7 applies4  4  7c7 ,cl]ical 
am5dm5t ,! table ( cont5ts = subp>t ,b (
 "p ,,iv ( sub*apt] ,a ( *apt] #a ( su* 
,code is am5d$ by add+ at ! end ! foll[+
 new item3  ,sec4 #cj;,e4 ,non-po9t     
s\rce pollution4  4  7d7 ,report  7#a7  
,evaluation ,n lat] ?an #a ye> aft] !   
date ( ! enactm5t ( ?is ,act1 & e ye>   

!reaft] = z long z section #cj;,e ( !   
,int]nal ,rev5ue ,code ( #aihf 7z add$  
by ?is section7 is 9 effect1 !          
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy & ! ,director ( ! ,u4
 ,s4 ,geological ,survey1 act+ ?r\gh a  
jo9t work+ gr\p :i* ! ,adm9i/rator & !  
,director %all e/abli%1 %all evaluate ! 
effectiv5ess ( ! cr$it all[$ "u su*     
section #cj;,e 9 a*iev+ ! purposes      
specifi$ 9 section #b & submit a report 
on su* /udy & evaluation1 toge!r )      
recomm5dations relat+ !reto1 to !       
committees ( ,congress specifi$ 9       
p>agraph 7#b74  7#b7 ,committees ,!     
committees specifi$ 9 ?is p>agraph are !
 ,committee on ,ways & ,means & !       
,committee on ,natural ,res\rces ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,environm5t & ,public ,works & !     
,committee on ,f9ance ( ! ,s5ate4  7e7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjae4