Bill

BILL • US SENATE

S 3055

Corporate Governance Fairness Act

119th Congress
Introduced by Thom Tillis,

Bill S 3055 exempts innovative septic systems from sales taxes, making them more affordable for homeowners and businesses, promoting eco-friendly wastewater management.

Introduced in Senate
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Bill Summary • S 3055

Summary of Bill S 3055

Title: Exempts Innovative and Alternative Septic Systems from Sales and Use Taxes

Bill Number: S 3055

Status: Referred to Budget and Revenue

Introduced: January 23, 2025

Classification: Bill

Purpose and Intent

Bill S 3055 aims to promote the adoption of innovative and alternative septic systems by exempting them from sales and use taxes. The intent behind this legislation is to encourage environmentally friendly wastewater management solutions, which can help reduce pollution and improve public health.

Key Provisions

  • Tax Exemption: The bill specifically exempts innovative and alternative septic systems from state sales and use taxes. This exemption is designed to lower the overall cost of these systems, making them more accessible to homeowners and businesses.

  • Definition of Systems: The bill likely includes a definition of what constitutes "innovative and alternative septic systems," although specific language is not provided in the summary. Typically, these systems are designed to treat wastewater more effectively than traditional septic systems and may include technologies such as aerobic treatment units, constructed wetlands, and other advanced filtration methods.

Affected Parties

  • Homeowners and Businesses: The primary beneficiaries of this bill are homeowners and businesses that are considering the installation of septic systems. The tax exemption is expected to make these systems more financially viable.

  • Environmental Agencies: Agencies focused on environmental protection and public health may also benefit indirectly, as the adoption of advanced septic systems can lead to improved water quality and reduced environmental impact.

Procedural Aspects

  • Current Status: As of January 23, 2025, the bill has been referred to the Budget and Revenue Committee for further consideration. This is an important step in the legislative process, as the committee will review the bill's financial implications and overall feasibility.

  • Related Legislation: The bill has connections to prior-session bills S 6416 and S 2989, as well as a companion bill A 4659. These related bills may provide context or additional provisions that could influence the current legislation.

Conclusion

Bill S 3055 represents a legislative effort to incentivize the use of innovative and alternative septic systems through tax exemptions. By reducing financial barriers, the bill seeks to promote environmentally sustainable practices in wastewater management, benefiting both individuals and the broader community. The bill is currently under review by the Budget and Revenue Committee, and its progress will be closely monitored by stakeholders in the environmental and public health sectors.

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