Last action was on 6-10-2025
Current status is Referred to the House Committee on Ways and Means.
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This Act may be cited as the "Financing Lead Out of Water Act of 2025", or the "Flow Act".
(a) In general - Section 141(b)(6) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:
(D) Clarification relating to qualified lead service line replacement use
(i) In general - For purposes of this subsection, qualified lead service line replacement use shall not constitute private business use.
(ii) Definitions - For purposes of this subparagraph—
(I) Qualified lead service line replacement use - The term "qualified lead service line replacement use" means, with respect to any public water system, use of the proceeds of an issue to replace any privately-owned portion of a lead service line connected to such system to facilitate, achieve or maintain compliance with a national primary drinking water regulation for lead.
(II) Lead service line - The term "lead service line" has the meaning given such term in section 1459B(a)(4) of the Safe Drinking Water Act, as amended.
(III) National primary drinking water regulation for lead - The term "national primary drinking water regulation for lead" means a national primary drinking water regulation for lead promulgated under section 1412 of such Act.
(IV) Public water system - The term "public water system" has the meaning given such term in section 1401(4) of such Act.
(b) Effective date - The amendments made by this section shall apply to obligations issued after December 31, 2025.