H.R.6462: Water and Agriculture Technology Economic Revitalization Act of 2012

About This Bill

Bill Summary

Water and Agriculture Technology Economic Revitalization Act of 2012 - 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.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sept. 20, 2012

Introduced in the House by Cory Gardner (R-Colo.)

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