AMWA Applauds IRS Clarification On Lead Service Line Replacement Subsidies
Washington, D.C. – AMWA CEO Tom Dobbins released the following statement today following the IRS' publication of Bulletin No. 2024-11 clarifying that lead service line replacement subsidies offered to customers by public water systems do not constitute taxable income:
“Federal tax policy should make it easier for public water systems and their customers to work together to eliminate lead service lines, not put barriers in the way of cost-effective replacements,” AMWA CEO Tom Dobbins said in a statement following the release of the IRS Bulletin. “AMWA commends the IRS for providing this needed clarity in the tax code, and lawmakers like Sen. Amy Klobuchar who pushed the agency to act. The association looks forward to advancing additional policies like the FLOW Act that will make it even easier for communities to finance the removal of lead service lines.”
Source: Association of Metropolitan Water Agencies (AMWA)