Senate Reinstates Water and Sewer Exemption in Bipartisan Infrastructure Bill
Pro Builder
AUGUST 3, 2021
Congress eliminated this exemption as part of the Tax Cuts and Jobs Act in 2018, making contributions to water and sewer infrastructure taxable if the utility is privately owned and for profit. and Lisa Murkowski (R-Alaska) introduced legislation (S. In June, Sens. Jeanne Shaheen (D-N.H.) 1997) to do so.
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