,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #dfae  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #be1 #bjaf   
,mr4 ,huffman 7= himself & ,mr4         
,rohraba*]7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,ways &    
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exclude f gross
 income am\nts receiv$ f a wat] dep>tm5t
 = wat] cons]vation effici5cy measures &
 wat] run(f managem5t improvem5ts4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,wat] ,cons]vation ,rebate ,tax ,p>ity  
,act4  #b4 ,exclusion ( am\nts receiv$ f
 a wat] dep>tm5t = wat] cons]vation     
effici5cy measures & wat] run(f         
managem5t improvem5ts  7a7 ,9 g5]al ,"p 
,,iii ( sub*apt] ,b ( *apt] #a ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #aci;,e ! foll[+ 
new section3  #aci;,f4 ,wat] cons]vation
 effici5cy measures & wat] run(f        
managem5t improvem5ts  7a7 ,9 g5]al     
,gross income %all n include ! value (  
any wat] cons]vation & effici5cy measure

 or wat] run(f managem5t improvem5t 7or 
any subsidy1 rebate1 or o!r am\nt = su* 
a measure or improvem5t7 receiv$        
directly or indirectly f a wat]         
dep>tm5t4  7b7 ,d5ial ( d\ble b5efit    
,not)/&+ any o!r provision ( ?is        
subtitle1 no d$uction or cr$it %all be  
all[$ =1 or by reason (1 any exp5diture 
to ! ext5t ( ! am\nt exclud$ "u         
subsection 7a7 = any subsidy1 rebate or 
o!r am\nt :i* 0 provid$ ) respect to su*
 exp5diture4 ,! adju/$ basis ( any      
prop]ty %all be r$uc$ by ! am\nt exclud$
 "u subsection 7a7 :i* 0 provid$ )      
respect to su* prop]ty4  7c7 ,def9itions
 ,= purposes ( ?is section-- 7#a7 ,wat] 
cons]vation & effici5cy measure ,! t]m  
wat] cons]vation & effici5cy measure    
means any evaluation ( wat] use1 or any 
in/allation or modification ( prop]ty1 !
 prim>y purpose ( :i* is to r$uce       
consumption ( wat] or to improve !      
managem5t ( wat] dem& ) respect to "o or
 m dwell+ units4  7#b7 ,wat] run(f      
managem5t improvem5t ,! t]m wat] run(f  

managem5t improvem5t means any          
in/allation or modification ( prop]ty ! 
prim>y purpose ( :i* is to r$uce or     
manage /orm wat] run(f ) respect to "o  
or m dwell+ units4  7#c7 ,wat] dep>tm5t 
,! t]m wat] dep>tm5t means any entity   
7includ+ a public or private utility1 ! 
,f$]al ,gov]nm5t1 a ,/ate or local      
gov]nm5t or any political subdivision   
!re(1 or any in/rum5tality ( ! =ego+7   
engag$ 9--  7,a7 ! provision ( wat] to !
 public ?r\gh pipes or o!r con/ruct$    
conveyances1 or  7,b7 ! collection1     
treatm5t1 managem5t1 or disposal (      
/ormwat] or wa/ewat] g5]at$ by ! public4
  7#d7 ,dwell+ unit ,! t]m dwell+ unit  
has ! mean+ giv5 su* t]m by section     
#bhj;,a7f77#a74  4  7b7 ,cl]ical am5dm5t
 ,! table ( sections = "p ,,iii (       
sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #aci;,e ! foll[+ new item3      
,sec4 #aci;,f4 ,wat] cons]vation        
effici5cy measures & wat] run(f         
managem5t improvem5ts4  4  7c7          

,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4  7d7   
,no inf]5ce reg>d+ prop] tax treatm5t   
,no?+ 9 ?is ,act or ! am5dm5ts made by  
?is ,act %all be con/ru$ to create any  
inf]5ce ) respect to ! prop] tax        
treatm5t ( any subsidy or rebate receiv$
 directly or indirectly f a wat]        
dep>tm5t = any wat] cons]vation &       
effici5cy measure or wat] run(f         
managem5t improvem5t 9 any taxable ye>  
end+ on or be=e ! date ( ! enactm5t (   
?is ,act4