US Congress House Bill 4220 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 9-1)
Status: Introduced on December 10 2015 - 25% progression, died in chamber
Action: 2016-12-08 - Placed on the Union Calendar, Calendar No. 675.
Text: Latest bill text (Introduced) [PDF]

Water and Agriculture Tax Reform Act of 2016 (Sec. 2) 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, an organization's qualification as a 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.

Water and Agriculture Tax Reform Act of 2016

Rep. Ken Buck [R-CO]	Rep. Paul Gosar [R-AZ]	Rep. Rob Bishop [R-UT]	Sen. Cynthia Lummis [R-WY]
Rep. Mia Love [R-UT]	Rep. Scott Tipton [R-CO]	Rep. Mike Coffman [R-CO]	Rep. Michael Simpson [R-ID]
Rep. Doug Lamborn [R-CO]	Rep. Jared Polis [D-CO]

Date	Chamber	Action
2016-12-08	House	Placed on the Union Calendar, Calendar No. 675.
2016-12-08	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-862.
2016-09-21	House	Ordered to be Reported (Amended) by Voice Vote.
2016-09-21	House	Committee Consideration and Mark-up Session Held.
2015-12-10	House	Referred to the House Committee on Ways and Means.
2015-12-10	House	Introduced in House

SB384 (Related) 2015-02-05 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4220/all-info
Text	https://www.congress.gov/114/bills/hr4220/BILLS-114hr4220ih.pdf
Text	https://www.congress.gov/114/bills/hr4220/BILLS-114hr4220rh.pdf