H.R.3023 - Water and Agriculture Tax Reform Act of 2013113th Congress (2013-2014)
Summary: H.R.3023 — 113th Congress (2013-2014)
Introduced in House (08/02/2013)
Water and Agriculture Tax Reform Act of 2013 - 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.