H.R.4243 - Clean Air and Water Investment Act of 2009

To permit the issuance of tax-exempt bonds for air and water pollution control facilities. view all titles (2)

All Bill Titles

  • Official: To permit the issuance of tax-exempt bonds for air and water pollution control facilities. as introduced.
  • Short: Clean Air and Water Investment Act of 2009 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
12/08/09
 
 
 
 
 
 
 

Official Summary

Clean Air and Water Investment Act of 2009 - Amends the Internal Revenue Code to include air and water pollution control facilities among the projects for which tax-exempt facility bonds may be issued. Defines such facilities as any property: (1) to be used to abate or control water or atmo

Official Summary

Clean Air and Water Investment Act of 2009 - Amends the Internal Revenue Code to include air and water pollution control facilities among the projects for which tax-exempt facility bonds may be issued. Defines such facilities as any property:
(1) to be used to abate or control water or atmospheric pollution or contamination by removing, altering, disposing, or storing pollutants, contaminants, wastes, or heat;
(2) which is either land or of a character subject to the allowance for depreciation; and
(3) that a federal, state, or local agency has certified is designed for abating or controlling atmospheric or water pollution or for meeting local requirements for controlling such pollution. Provides that a water pollution control facility includes the necessary intercepting sewers, pumping, power, and other equipment, and their appurtenances. Makes this Act applicable to bonds issued after December 31, 2008.

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