(c) Expenditures Amounts in the Trust Fund are available, without further appropriation and without fiscal year limitation, for the purposes described in section 2(c) of the Water Affordability, Transparency, Equity, and Reliability Act of 2018. . (2) Clerical amendment The table of parts for subchapter A of chapter 98 of such Code is amended by inserting after the item relating to section 9511 the following new item: Sec. 9512. Water Affordability, Transparency, Equity, and Reliability Trust Fund. . (b) Imposition of tax (1) In general Section 11(b) of the Internal Revenue Code of 1986 is amended by striking 21 and inserting 24.5 . (2) Effective date The amendments made by this Act shall take apply to taxable years beginning after December 31, 2018. (c) Allocation of funds The Administrator of the Environmental Protection Agency and the Secretary of Agriculture shall allocate, for a fiscal year, the funds available, at the beginning of such fiscal year, in the Water Affordability, Transparency, Equity, and Reliability Trust Fund, established by section 9512 of the Internal Revenue Code of 1986, as follows: (1) Clean water programs Of such amount, the Administrator shall make available— (A) 0.5 percent for making grants under section 104(b)(8) of the Federal Water Pollution Control Act