SEPTIC Act Septic Exclusion for Property owners through Tax-free...
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
This bill, known as the SEPTIC Act, aims to change the tax rules for certain wastewater management subsidies. If passed, it would allow property owners to receive these subsidies without having to pay income tax on them. This could help those who need to improve their wastewater systems, making it easier for them to manage waste without worrying about additional taxes.
The bill would affect homeowners and businesses that rely on septic systems and need financial help to upgrade or maintain them. By excluding these subsidies from taxable income, it could reduce the financial burden on these property owners, making it more feasible to invest in necessary infrastructure improvements.
HB8280 was introduced on April 14, 2026, and has been referred to the House Committee on Ways and Means. The committee will review the bill, and if approved, it will move to the next stages of the legislative process for further consideration and potential passage.
