[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1973 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1973

  To amend the Internal Revenue Code of 1986 to allow a deduction for 
  fees for sewer and water services to the extent such fees exceed 1 
                   percent of adjusted gross income.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 4, 1993

 Mr. Studds (for himself, Mr. Neal of Massachusetts, Mr. Kennedy, Mr. 
Moakley, Mr. Markey, Mr. Frank of Massachusetts, Mr. Olver, Mr. Blute, 
 and Mr. Meehan) introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow a deduction for 
  fees for sewer and water services to the extent such fees exceed 1 
                   percent of adjusted gross income.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Sewer and Water Fee Deductibility 
Act of 1993''.

SEC. 2. DEDUCTION FOR LOCAL SEWER AND WATER FEES.

    (a) In General.--Subsections (b) of section 164 of the Internal 
Revenue Code of 1986 is amended by redesignating paragraphs (3) and (4) 
as paragraphs (4) and (5), respectively, and by inserting after 
paragraph (2) the following new paragraph:
            ``(3) Deduction allowed for local sewer and water fees.--
                    ``(A) In general.--To the extent that the amount of 
                local sewer and water fees paid or accrued during any 
                taxable year exceeds 1 percent of adjusted gross 
                income, such fees shall be allowed as a deduction under 
                subsection (a) in the same manner as local real 
                property taxes.
                    ``(B) Definition.--The term `local sewer and water 
                fees' means any amount imposed by a local government, 
                State government (or any agency or instrumentality 
                thereof), or by the District of Columbia as a charge 
                for sewer or water service. Such term shall not include 
                any amount allowable as a deduction without regard to 
                this paragraph.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1993.

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