Title: Save Our Springs Act of 2020
Policy area: Taxation

Summary:
Save Our Springs Act of 2020
This bill imposes an excise tax on each gallon of water extracted from a spring or an underground water source for use as bottled water. It establishes the Drinking Water State Revolving Loan Trust Fund to make payments of tax revenue for state revolving loans under the Safe Drinking Water Act.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6185 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6185

 To amend the Internal Revenue Code of 1986 to impose an excise tax on 
 the extraction of certain water for bottling, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2020

Ms. Wasserman Schultz introduced the following bill; which was referred 
to the Committee on Ways and Means, and in addition to the Committee on 
Energy and Commerce, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to impose an excise tax on 
 the extraction of certain water for bottling, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Save Our Springs Act of 2020''.

SEC. 2. EXCISE TAX ON EXTRACTION OF CERTAIN WATER.

    (a) In General.--Chapter 36 of the Internal Revenue Code of 1986 is 
amended by inserting after subchapter B the following new subchapter:

              ``Subchapter C--Extraction of Certain Water

``Sec. 4473. Imposition of tax.

``SEC. 4473. IMPOSITION OF TAX.

    ``(a) In General.--A tax of $0.06 is hereby imposed on each gallon 
of water extracted from a spring or an underground water source for use 
as bottled drinking water.
    ``(b) By Whom Paid.--The tax imposed by this section shall be paid 
by the person extracting the water.''.
    (b) Conforming Amendment.--The table of subchapters for chapter 36 
of the Internal Revenue Code of 1986 is amended by inserting after the 
item relating to subchapter B the following new item:

             ``subchapter c--extraction of certain water''.

    (c) Effective Date.--The amendments made by this section shall 
apply to water extracted in calendar years beginning after the date of 
the enactment of this Act.

SEC. 3. DRINKING WATER STATE REVOLVING LOAN FUND TRUST FUND.

    (a) Establishment.--Subchapter A of chapter 98 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
section:

``SEC. 9512. DRINKING WATER STATE REVOLVING LOAN FUND TRUST FUND.

    ``(a) Creation of Trust Fund.--There is established in the Treasury 
of the United States a trust fund to be known as the `Drinking Water 
State Revolving Loan Fund Trust Fund' (referred to in this section as 
the `Trust Fund'), consisting of such amounts as may be appropriated or 
credited to such fund as provided in this section or section 9602(b).
    ``(b) Transfers to Trust Fund.--There are hereby appropriated to 
the Trust Fund amounts equal to the revenues received in the Treasury 
that are attributable to subchapter C of chapter 36.
    ``(c) Expenditures.--Amounts in the Trust Fund shall be available, 
as provided in appropriation Acts, for carrying out section 1452 of the 
Safe Drinking Water Act (relating to State revolving loan funds).''.
    (b) Clerical Amendment.--The table of sections for subchapter A of 
chapter 98 of such Code is amended by adding at the end the following 
new item:

``Sec. 9512. Drinking Water State Revolving Loan Fund Trust Fund.''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
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