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- S.2383
S.2383: Water and Agriculture Tax Reform Act of 2021
About This Bill
- Introduced July 20, 2021
- Latest Major Action July 20, 2021
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Version
- Introduced in Senate - July 20, 2021
Bill Summary
Water and Agriculture Tax Reform Act of 2021 This bill permits tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain property and stock interests without affecting their tax-exempt status, but requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company. The bill also establishes a rule regarding the organizational governance of mutual ditch or...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 20, 2021 |
Read twice and referred to the Committee on Finance.
|
| July 20, 2021 |
Introduced in the Senate by Michael D. Crapo (R-Idaho) |