S. 384 · 114th Congress
Water and Agriculture Tax Reform Act of 2015
- Stage
- In committee
- Sponsor
- Mike Crapo
- Introduced
- 2015-02-05
- Latest action
- 2015-02-05 · Introduced in Senate
Summary
Water and Agriculture Tax Reform Act of 2015
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.