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1 CBO's Estimate of Effects on Revenues of Senate Amendment 1460 for S. 914, the Drinking Water and Wastewater Infrastructure Act of 2021, as Posted on April 27, 2021 [1] (April 27, 2021)

handle is hein.congrec/eseffevsa0001 and id is 1 raw text is: April 27, 2021 By Fiscal Year, Millions of Dollars 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Decreases in Revenues Estimated Revenues 0 * -3 -15 -38 -73 -118 -164 -1 Net Increases in the Deficit From Changes in Revenues 96 -211 -215 Effect on the Deficit 0 * 3 15 38 73 118 164 196 211 215 130 Sources: Congressional Budget Office; staff of the Joint Committee on Taxation. Components may not sum to totals because of rounding; * = between -$500,000 and zero. For more information see the notes below. The staff of the Joint Committee on Taxation (JCT) expects that some of the funds authorized to be appropriated under S. 914 for grants to state revolving funds would be used by state and local governments to leverage additional funds. Those governments would issue tax- exempt bonds that JCT estimates would reduce federal revenues by about $1 billion over the 2021-2031 period. CBO estimates that enacting the Amendment in the Nature of a Substitute to S. 914 would not affect direct spending. Staff Contact: Stephen Rabent

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