H.R.6462 - Water and Agriculture Technology Economic Revitalization Act of 2012112th Congress (2011-2012)
Summary: H.R.6462 — 112th Congress (2011-2012)
Introduced in House (09/20/2012)
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.