H.R. 3452 would amend the Internal Revenue Code of 1986 to allow a credit with respect to clean renewable water supply bonds.

== Detailed Summary ==

<summary>
(Log inAmends the Internal Revenue Code to editallow holders of clean renewable water supply bonds a tax credit of 25% of the wiki and beannual credit amount as determined by the firstSecretary of the Treasury. Defines &quot;clean renewable water supply bond&quot; as any bond issued by a governmental body or an entity qualified to provideissue tax-exempt bonds that is used for capital expenditures for projects involving a detailed summaryqualified desalination facility, a recycled water facility, or a groundwater remediation facility.

Sets forth rules for maturity limitations, arbitrage, and expenditures, including a requirement that 95% of the bill!)proceeds of a bond issue be spent on one or more clean renewable water supply projects within five years from the date of a bond issuance.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 8/4/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
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== Points in Favor ==

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== Points Against ==

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