What does Preamble of SEPTIC Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would provide an exclusion from gross income for certain wastewater management subsidies.

What does SHORT TITLE. of SEPTIC Act do?

This bill is formally titled the ``Septic Exclusion for Property owners through Tax-free Infrastructure Compensation Act'' or the ``SEPTIC Act''.

What does MODIFICATIONS TO INCOME EXCLUSION FOR CERTAIN WASTEWATER of SEPTIC Act do?

This section modifies Section 136 of the Internal Revenue Code of 1986 regarding income exclusion for certain subsidies. It expands the definition of subsidies eligible for exclusion to include those provided by state or local governments for wastewater management measures. The definition of 'wastewater management measure' is established as any installation or modification of property primarily designed to manage wastewater with respect to one or more dwelling units. The heading for section 136 is amended to include 'and wastewater'. The item relating to section 136 in the table of sections is also amended to include 'and wastewater'. These amendments apply to amounts received after the date of enactment of this Act, in taxable years ending after such date.

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SEPTIC Act

Last updated: 4/14/2026 · Introduced: 4/14/2026

Author: Thomas Suozzi (D-NY)

TL;DR (AI)

The bill excludes wastewater management subsidies from taxable income, as defined in the Internal Revenue Code.
Eligible subsidies now include those provided by state or local governments for wastewater management measures related to dwelling units.
The changes apply to amounts received after the bill's enactment, impacting taxable years ending after that date.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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