1. Short title This Act may be cited as the Save Our Springs Act of 2020 . 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: C Extraction of Certain Water Sec. 4473. Imposition of tax. 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. 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: 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