S. 1441 · 113th Congress

Water and Agriculture Tax Reform Act of 2013

Stage
In committee
Introduced
2013-08-01
Latest action
2013-08-01 · Introduced in Senate

Summary

Water and Agriculture Tax Reform Act of 2013 - Amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status. Requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company.