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WASHINGTON (WNEM) - Congressman Dan Kildee introduced new legislation that would help more communities remove lead service lines.
The Financing Lead Out of Water (FLOW) Act would allow bonds that are issued by public water utilities to finance the removal of private lead service lines to bypass the IRS’ private business use test.
By removing this barrier, as Kildee states, the tax code will help more communities access low-cost financing for lead service line replacement and comply with federal drinking water standards.
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