The bill would create a federal tax credit for certain home water filters. The filter must be designed to remove at least 90% of lead, PFAS, and PFOA from drinking water. The credit would cover 20% of qualifying expenses for a primary residence and 10% for a secondary residence, up to $2,500 per tax year. Unused credit above that limit could carry forward to the next tax year. The credit would apply to tax years beginning after December 31, 2024.
If enacted, an individual could claim the credit for a qualifying filter used in a home in the United States that is their primary or secondary residence. The bill excludes maintenance costs and replacement parts.
The credit would be limited to $2,500 per tax year, with excess credit carried forward. No publicly available information on the overall cost of the proposal.
No publicly available information.
No publicly available information.