H.R. 8682, known as the "Water Conservation Rebate Tax Parity Act," proposes changes to the Internal Revenue Code of 1986 to expand tax exclusion benefits for certain conservation subsidies. The bill seeks to include subsidies given by public utilities or government entities...
Simple Explanation
The new bill is like giving a special treat to people who save water at home. It says that if the government or water companies give them money to help save water, they won't have to pay extra taxes on that money, just like they don't on money they get for saving energy!