NAWC urges Congress to pass infrastructure investment bill	<<>
Thursday, March 18, 2010
WASHINGTON — The National Association of Water Companies (NAWC) announced its approval of the House Ways and Means Committee’s passing of the Small Business and Infrastructure Jobs Tax Act of 2010, according to a press release. NAWC also urged the House of Representatives to follow the committee’s lead and bring the infrastructure investment bill to the floor for passage, the release stated. The act provides incentives for small business investment, relief for overburdened small business owners and expanded opportunity for infrastructure investment by states and local governments in part through the removal of state volume caps on private activity bonds (PABs) for water and wastewater financing, according to the release. “We applaud the Committee’s swift consideration and passage of this important initiative,” said Michael Deane, executive director of NAWC. “The inclusion of language drafted by Representative Bill Pascrell, Jr. (D-NJ) to address both jobs and infrastructure will help local water providers leverage private sector investment in water and wastewater infrastructure, addressing two critically important challenges facing our nation and generating significant tax revenue for states and communities across the country.” To read the entire article, click here. For related information, click here.