,,ii #aafth ,,congress #b;d ,session ,s4 #dffd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #bc1 #bjbj,mrs4 ,gillibrand 7for herself and ,mr4 ,schumer7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to provide an exclusion from gross income for certain waste water management subsidies4 #a4 ,modifications to income exclusion for certain waste water management subsidies 7a7 ,in general ,section #acf7;a7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking any subsidy provided and inserting any subsidy-- 7#a7 provided 1 7#b7 by striking the period at the end and inserting 1 or1 and 7#c7 by adding at the end the following new paragraph3 7#b7 provided 7directly or indirectly7 by a ,state or local government to a resident of such ,state or locality for the purchase or installation of any wastewater management measure1 but only if such measure is with respect to the taxpayer's principal residence4 4 7b7 ,definition of waste water management measure ,section #acf7;c7 of such ,code is amended-- 7#a7 by striking ,energy conservation measure in the heading thereof and inserting ,definitions1 7#b7 by striking ,in general in the heading of paragraph 7#a7 and inserting ,energy conservation measure1 and 7#c7 by redesignating paragraph 7#b7 as paragraph 7#c7 and by inserting after paragraph 7#a7 the following3 7#b7 ,wastewater management measure ,for purposes of this section1 the term wastewater management measure means any installation or modification of property primarily designed to manage wastewater 7including septic tanks and cesspools7 with respect to one or more dwelling units4 4 7c7 ,clerical amendments 7#a7 ,the heading for section #acf of such ,code is amended-- 7,a7 by inserting and waste water after energy1 and 7,b7 by striking provided by public utilities4 7#b7 ,the item relating to section #acf in the table of sections of part ,,iii of subchapter ,b of chapter #a of such ,code is amended-- 7,a7 by inserting and waste water after energy1 and 7,b7 by striking provided by public utilities4 7d7 ,effective date ,the amendments made by this section shall apply to amounts received after ,december #ca1 #bjah4