The bill, known as the "Water Conservation Rebate Tax Parity Act", proposes changes to the Internal Revenue Code to broaden tax exclusions for conservation subsidies. It allows these exclusions to cover subsidies for water conservation or efficiency measures, storm water management measures,...
Simple Explanation
The Water Conservation Rebate Tax Parity Act wants to make it so people don't have to pay taxes on the money they get from the government or utilities when they save water, just like they don't pay taxes when they save energy. This change would be for money given out after the end of 2021.