Bill Eyes Tax Credit For Buyers Of Water Efficient Products

Law360, New York (March 5, 2014, 5:22 PM EST) -- Rep. Jerry McNerney, D-Calif., introduced legislation Tuesday that provides a $2,000 tax credit to people who conserve water by using products approved through a U.S. Environmental Protection Agency program.

McNerney introduced the Water Efficiency Improvement Act of 2014, which would amend the Revenue Code to provide a 30 percent tax credit, up to $2,000 per taxpayer, on the purchase of products tested by a certified regulatory group under the EPA's WaterSense program.

“Everyone can agree that using water more efficiently makes sense,” McNerney said in a...
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