Water and Agriculture Tax Reform Act of 2021

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 irrigation companies. Where state law provides that such a company may be organized in a manner that permits voting on a basis that is pro rata to share ownership on corporate governance matters, the tax-exempt status of the mutual ditch or irrigation company must be determined without taking into account whether its member shareholders have one vote on corporate governance matters per share held in the corporation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 July 2021

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 20 July 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 July 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 July 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 July 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 July 2021

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 20 July 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Buck, Ken [R-CO-4] · R · Sponsor
• Rep. Neguse, Joe [D-CO-2] · D · Sponsor
• Sen. Curtis, John R. [R-UT] · R · Sponsor
• Rep. Crow, Jason [D-CO-6] · D · Sponsor
• Rep. Schweikert, David [R-AZ-1] · R · Sponsor
• Rep. Newhouse, Dan [R-WA-4] · R · Sponsor
• Rep. Cheney, Liz [R-WY-At Large] · R · Sponsor
• Rep. Trone, David J. [D-MD-6] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Water and Agriculture Tax Reform Act of 2023
• related to → Water and Agriculture Tax Reform Act of 2021
• related to ← Water and Agriculture Tax Reform Act of 2019