Bill114th CongressFiled Feb 5, 2015Taxation
S. 384
Water and Agriculture Tax Reform Act of 2015
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Feb 5, 2015)
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.
What just happenedFeb 5, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Crapo, Mike [R-ID](R-ID)Sponsor
4 cosponsors1 D3 R
4cosponsors1committees2actions1related bills8subjects
- Introduced in SenateFeb 5, 2015
- Feb 5, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 5, 2015IntroReferral10000
Introduced in Senate