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The SEPTIC Act amends the Internal Revenue Code to exclude from gross income certain wastewater management subsidies provided by state or local governments to residents for the purchase or installation of wastewater management measures (such as septic tanks and cesspools) at their residences. The bill expands an existing tax exclusion that previously applied only to energy conservation subsidies to also cover wastewater infrastructure improvements. The exclusion applies to amounts received after the bill's enactment.
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