HR 6462
112th Congress
House
Taxation
Business investment and capital
Corporate finance and management
Farmland
Financial services and investments
Land transfers
Securities
Tax-exempt organizations
Water use and supply
Water and Agriculture Technology Economic Revitalization Act of 2012
Introduced: September 20, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 20, 2012
Referred to the House Committee on Ways and Means.
Sep 20, 2012
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1