S 384
114th 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
Water and Agriculture Tax Reform Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2015
Read twice and referred to the Committee on Finance.
Feb 5, 2015
Introduced in Senate
Plain-English summary
Water and Agriculture Tax Reform Act of 2015
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1