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United States · Bill · HR

H.R. 461 (105th)

Agricultural Water Conservation Act

referredUnited States· United States Congress· EN

Introduced

21 January 1997

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Agricultural Water Conservation Act - Amends the Internal Revenue Code to allow a tax credit for water conservation system expenses, if used on farm land having an extreme drought or a water shortage and meeting other requirements. Limits the amount of the credit and allows unused credit to be carried to the succeeding taxable year. Reduces by the amount of the credit any basis increase that would otherwise occur.

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Documents

3 official files

Introduced in House (text)

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