H.R.6462 - Water and Agriculture Technology Economic Revitalization Act of 2012

To amend the Internal Revenue Code of 1986 to facilitate water leasing and water transfers to promote conservation and efficiency. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to facilitate water leasing and water transfers to promote conservation and efficiency. as introduced.
  • Short: Water and Agriculture Technology Economic Revitalization Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/20/12
 
 
 
 
 
 
 

Official 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

Official 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.

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