S 3650
112th Congress
Senate
Taxation
Business investment and capital
Corporate finance and management
Farmland
Financial services and investments
Land transfers
Securities
Tax-exempt organizations
Water use and supply
Ditch and Irrigation Company Tax Reform Act
Introduced: November 29, 2012
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 29, 2012
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7219-7220)
Nov 29, 2012
Sponsor introductory remarks on measure. (CR S7219)
Nov 29, 2012
Introduced in Senate
Plain-English summary
Ditch and Irrigation Company Tax Reform Act - 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 operational and maintenance expenses of such a company.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7219-7220)
Committees of jurisdiction
1