3.0.0 807 2022-11-01T15:02:56Z 2022-11-01T15:02:56Z House HR 2019-01-28 116 [Congressional Record Volume 165, Number 17 (Monday, January 28, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUCK:H.R. 807.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 states that `the Congressshall have Power to lay and collect Taxes, Duties, Imposts,and Excises, to pay the Debts, and provide for the commonDefense and General Welfare of the United States; but allDuties and Imposts and Excises shall be uniform throughoutthe United States.'[Page H1243]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-01-28T17:01:45Z Water and Agriculture Tax Reform Act of 2019 116 361 S 2019-02-06 Read twice and referred to the Committee on Finance. Related bill CRS 2019-01-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-01-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-01-28 Introduced in House IntroReferral 1000 9 Library of Congress B001297 Rep. Buck, Ken [R-CO-4] Ken Buck R CO 4 N B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2019-01-28 True T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2019-01-28 True G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2019-01-28 True C001114 Rep. Curtis, John R. [R-UT-3] John Curtis R UT R. 3 2019-01-28 True S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2019-01-28 True C001121 Rep. Crow, Jason [D-CO-6] Jason Crow D CO 6 2019-01-28 True N000191 Rep. Neguse, Joe [D-CO-2] Joe Neguse D CO 2 2019-01-28 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2019-01-28 True N000189 Rep. Newhouse, Dan [R-WA-4] Dan Newhouse R WA 4 2019-01-30 False M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2019-02-08 False H001048 Rep. Hunter, Duncan D. [R-CA-50] Duncan Hunter R CA D. 50 2019-02-11 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2020-05-15 False Taxation Business investment and capital Corporate finance and management Farmland Financial services and investments Land transfers Securities Tax-exempt organizations Water use and supply Taxation 00 2019-01-28 Introduced in House 2019-05-22T21:03:22Z Water and Agriculture Tax Reform Act of 2019

This bill permits tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain 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.

]]> Water and Agriculture Tax Reform Act of 2019 Display Title Water and Agriculture Tax Reform Act of 2019 Short Title(s) as Introduced Water and Agriculture Tax Reform Act of 2019 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to facilitate water leasing and water transfers to promote conservation and efficiency. Introduced in House IH Introduced in House 2019-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr807ih/xml/BILLS-116hr807ih.xml 2019-01-28 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.