H.R.4243 - Clean Air and Water Investment Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Sanchez, Linda T. [D-CA-39] (Introduced 12/08/2009)|
|Committees:||House - Ways and Means|
|Latest Action:||12/08/2009 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.4243 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (12/08/2009)
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.