,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #bcac  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #ab1 #bjai,mr4 
,huffman 7= himself & ,mr4 ,gos>7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to exp& ! exclusion =     
c]ta9 cons]vation subsidies to include  
subsidies = wat] cons]vation or         
effici5cy measures & /orm wat] managem5t
 measures4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,wat] ,cons]vation      
,rebate ,tax ,p>ity ,act4  #b4          
,modifications to income exclusion =    
cons]vation subsidies  7a7 ,9 g5]al     
,subsection 7a7 ( section #acf ( !      
,int]nal ,rev5ue ,code ( #aihf is       
am5d$--  7#a7 by /rik+ any subsidy      
provid$ & ins]t+ any subsidy-- 7#a7     
provid$  1  7#b7 by /rik+ ! p]iod at !  
end & ins]t+ a comma1 &  7#c7 by add+ at
 ! end ! foll[+ new p>agraphs3  7#b7    
provid$ 7directly or indirectly7 by a   
public utility to a cu/om]1 or by a     

,/ate or local gov]nm5t to a resid5t (  
su* ,/ate or locality1 = ! pur*ase or   
in/allation ( any wat] cons]vation or   
effici5cy measure1 or  7#c7 provid$     
7directly or indirectly7 by a /orm wat] 
managem5t provid] to a cu/om]1 or by a  
,/ate or local gov]nm5t to a resid5t (  
su* ,/ate or locality1 = ! pur*ase or   
in/allation ( any /orm wat] managem5t   
measure4  4  7b7 ,con=m+ am5dm5ts  7#a7 
,def9ition ( wat] cons]vation or        
effici5cy measure & /orm wat] managem5t 
measure ,section #acf7;c7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$-- 7,a7 by
 /rik+ ,en]gy cons]vation measure 9 !   
head+ !re( & ins]t+ ,def9itions1  7,b7  
by /rik+ ,9 g5]al 9 ! head+ ( p>agraph  
7#a7 & ins]t+ ,en]gy cons]vation        
measure1 &  7,c7 by r$esignat+ p>agraph 
7#b7 z p>agraph 7#d7 & by ins]t+ aft]   
p>agraph 7#a7 ! foll[+3  7#b7 ,wat]     
cons]vation or effici5cy measure ,=     
purposes ( ?is section1 ! t]m wat]      
cons]vation or effici5cy measure means  
any evaluation ( wat] use1 or any       

in/allation or modification ( prop]ty1 !
 prim>y purpose ( :i* is to r$uce       
consumption ( wat] or to improve !      
managem5t ( wat] dem& ) respect to "o or
 m dwell+ units4  7#c7 ,/orm wat]       
managem5t measure ,= purposes ( ?is     
section1 ! t]m /orm wat] managem5t      
measure means any in/allation or        
modification ( prop]ty prim>ily design$ 
to r$uce or manage am\nts ( /orm wat] ) 
respect to "o or m dwell+ units4  4     
7#b7 ,def9ition ( public utility        
,section #acf7;c77#d7 ( su* ,code 7z    
r$esignat$ by p>agraph 7#a77;,c77 is    
am5d$ by /rik+ subp>agraph 7,b7 & ins]t+
 ! foll[+3  7,b7 ,public utility ,! t]m 
public utility means a p]son engag$ 9 ! 
sale ( electricity1 natural gas1 or wat]
 to resid5tial1 comm]cial1 or indu/rial 
cu/om]s = use by su* cu/om]s4  7,c7     
,/orm wat] managem5t provid] ,! t]m /orm
 wat] managem5t provid] means a p]son   
engag$ 9 ! provision ( /orm wat]        
managem5t measures to ! public4  7,d7   
,p]son ,= purposes ( subp>agraphs 7,b7 &

 7,c71 ! t]m p]son includes ! ,f$]al    
,gov]nm5t1 a ,/ate or local gov]nm5t or 
any political subdivision !re(1 or any  
in/rum5tality ( any ( ! =ego+4  4  7#c7 
,cl]ical am5dm5ts  7,a7 ,! head+ (      
section #acf ( su* ,code is am5d$-- 7i7 
by ins]t+ & wat] aft] en]gy1 &  7ii7 by 
/rik+ provid$ by public utilities4  7,b7
 ,! item relat+ to section #acf 9 !     
table ( sections ( "p ,,iii ( sub*apt]  
,b ( *apt] #a ( su* ,code is am5d$--    
7i7 by ins]t+ & wat] aft] en]gy1 &  7ii7
 by /rik+ provid$ by public utilities4  
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to am\nts receiv$
 aft] ,decemb] #ca1 #bjai4  7d7 ,no     
inf]5ce ,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 receiv$      
directly or indirectly f a public       
utility1 a /orm wat] managem5t provid]1 
or a ,/ate or local gov]nm5t = any wat] 
cons]vation measure or /orm wat]        
managem5t measure be=e ,janu>y #a1      

#bjbj4