118th Congress · HOUSE BILLBILL

H.R. 1407 — Financing Lead Out of Water Act

“To amend the Internal Revenue Code of 1986 to modify the private business use requirements for bonds issued for lead service line replacement projects.”

Taxation

Introduced Mar 7, 2023

Last action Dec 17, 2024

Pipeline · Bill → Law

Step 1

Introduced

Mar 7, 2023

Step 2

Referred

Dec 17, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

of 2023 This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.

Provisions · 2 sectionsIntroduced in House

Timeline · 3 actions

Dec 17, 2024

Referred to the Subcommittee on Work and Welfare.

Mar 7, 2023

Introduced in House

Mar 7, 2023

Referred to the House Committee on Ways and Means.