119 HR 1441 IH: Providing Useful Relief for Enhanced Water Act U.S. House of Representatives 2025-02-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 1441IN THE HOUSE OF REPRESENTATIVESFebruary 18, 2025Mr. Torres of New York (for himself, Mr. Lawler, Mr. Nadler, Mr. Latimer, Mr. Riley of New York, and Mr. Olszewski) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to establish a tax credit for the purchase and installation of certain water filtration systems in homes.

1.

Short title

This Act may be cited as the Providing Useful Relief for Enhanced Water Act or the PURE Water Act.

2.

Water filtration credit

(a)

In general

Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 25E the following new section:

25F.

Water filtration credit

(a)

Allowance of credit

In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of—(1)20 percent of qualified primary residence filtration expenditures, and(2)10 percent of qualified non-primary residence filtration expenditures.(b)

Maximum credit

The credit allowed under subsection (a) for any taxable year shall not exceed $2,500. (c)

Carryforward of unused credit

If the credit allowable under subsection (a) exceeds the limitation imposed by subsection (b), such excess shall be carried to the succeeding taxable year and added to the credit allowable under subsection (a) for such succeeding taxable year.(d)

Definitions

For purposes of this section—(1)

Qualified primary residence filtration expenditure

The term qualified primary residence filtration expenditure means an expenditure for a qualified water filter for use in a dwelling unit located in the United States and used as a the primary residence of the taxpayer.(2)

Qualified non-primary residence filtration expenditure

The term qualified non-primary residence filtration expenditure means an expenditure for a qualified water filter for use in a dwelling unit located in the United States and used as a secondary residence of the taxpayer.(3)

Qualified water filter

For purposes of this section, the term qualified water filter—(A)means a home water filtration system the purpose of which is to remove at least 90 percent of lead, PFAS, and PFOAS from drinking water, and(B)does not include maintenance costs or replacement parts for such filtration system. (4)

PFAS

The term PFAS means per- and polyfluoroalkyl substances that contain at least one fully fluorinated carbon atom.(5)

PFOA

The term PFOA means perfluorooctanoic acid. (e)

Basis adjustment

For purposes of this subtitle, if a credit is allowed under this section for any expenditure with respect to any property, the increase in the basis of such property which would (but for this subsection) result from such expenditure shall be reduced by the amount of the credit so allowed.

.(b)

Clerical amendment

The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 25E the following new item:Sec. 25F. Water filtration credit.(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2024.