The bill, H.R. 1871, aims to amend the Internal Revenue Code to include more types of conservation subsidies that can be excluded from taxable income. Specifically, it proposes expanding these exclusions to cover subsidies provided for water conservation, storm water...
Simple Explanation
The bill wants to change the rules so that people don't have to pay taxes on money they get from the government or special programs to save water and manage rain and waste water at home. This change would apply to money received from these programs after the end of 2021.