To amend the Internal Revenue Code of 1986 to impose an excise tax on water use during droughts, and for other purposes.
About This Bill
Committee
Latest Action · September 1, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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.
The Domestic Water Protection Act of 2023 would impose a 300 percent excise tax on the sale of water-intensive crops grown in drought-affected areas by foreign entities, including nonresident aliens, foreign corporations, and foreign governments. The bill defines drought areas as those experiencing severe, extreme, or exceptional drought lasting more than six months as identified by the United States Drought Monitor. Revenue collected from this tax would be deposited into a newly created Drought Trust Fund and used to support the WaterSmart Drought Response Program, which funds water conservation and drought management efforts established under previous public land legislation. The tax applies to manufacturers, producers, and exporters of these crops and would take effect immediately upon the bill's enactment. The legislation was introduced in September 2023 and referred to the House Committee on Ways and Means and the Committee on Natural Resources for consideration.
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