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HR 519 115th Congress House

Water and Agriculture Tax Reform Act of 2018

Official title: To amend the Internal Revenue Code of 1986 to facilitate water leasing and water transfers to promote conservation and efficiency.

Introduced: May 24, 2017 See on congress.gov
Taxation Business investment and capitalCorporate finance and managementFarmlandFinancial services and investments
More subjectsShow fewer subjects
Land transfersSecuritiesTax-exempt organizationsWater use and supply
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2018
Received in the Senate and Read twice and referred to the Committee on Finance.
Jul 24, 2018
Motion to reconsider laid on the table Agreed to without objection.
Jul 24, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7110-7111)
Jul 24, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7110-7111)
Jul 24, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 519.
Jul 24, 2018
Considered under suspension of the rules. (consideration: CR H7110-7112)
Jul 24, 2018
Mr. Roskam moved to suspend the rules and pass the bill, as amended.
Jul 23, 2018
Placed on the Union Calendar, Calendar No. 664.
Jul 23, 2018
Reported (Amended) by the Committee on Ways and Means. H. Rept. 115-857.
Jun 21, 2018
Ordered to be Reported by Voice Vote.
Jun 21, 2018
Committee Consideration and Mark-up Session Held.
Jan 13, 2017
Referred to the House Committee on Ways and Means.
Jan 13, 2017
Introduced in House
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 Latest action July 25, 2018

Received in the Senate and Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Water and Agriculture Tax Reform Act of 2018

This bill 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, 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.

 Related & companion bills 1
  • S 1090 Related bill Water and Agriculture Tax Reform Act of 2017
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 8
All 8 Democratic 1 Republican 5
R
Sessions, Pete
Texas · Jun 21, 2018
 R
Schweikert, David
Arizona · Jun 20, 2018
 R
Curtis, John R.
Utah · Dec 14, 2017
 D
DeGette, Diana
Colorado · May 24, 2017
Cheney, Liz
· May 3, 2017
 R
Newhouse, Dan
Washington · Mar 30, 2017
 R
Gosar, Paul A.
Arizona · Jan 13, 2017
Love, Mia
· Jan 13, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 519: Water and Agriculture Tax Reform Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-519/
MLA
"H.R. 519: Water and Agriculture Tax Reform Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-519/.
Bluebook (legal)
H.R. 519, 115th Cong. (2026), https://openamerica.io/bill/115-HR-519/.
Markdown link
[H.R. 519: Water and Agriculture Tax Reform Act of 2018](https://openamerica.io/bill/115-HR-519/)
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