[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4175 Introduced in House (IH)]

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114th CONGRESS
  1st Session
                                H. R. 4175

  To amend the Internal Revenue Code of 1986 to allow a deduction for 
      conservation expenditures to reduce groundwater consumption.


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                    IN THE HOUSE OF REPRESENTATIVES

                            December 3, 2015

 Mr. Crawford introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow a deduction for 
      conservation expenditures to reduce groundwater consumption.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Groundwater Conservation Incentive 
Act of 2015''.

SEC. 2. REDUCTION IN GROUNDWATER CONSUMPTION.

    (a) In General.--Section 175 of the Internal Revenue Code of 1986 
is amended by inserting ``or for the reduction of groundwater 
consumption,'' after ``land used in farming,'' both places it occurs in 
subsections (a) and (c)(1).
    (b) Expenditures.--Section 175(c)(1) of such Code is amended--
            (1) by striking ``and ponds,'' in the first sentence and 
        inserting ``reservoirs, impoundments, ponds, tail-water 
        recovery systems and other water retention or water control 
        structures,'', and
            (2) by striking ``Such term shall include expenditures paid 
        or incurred for the purpose of'' in the second sentence and 
        inserting ``Such term shall include expenditures paid or 
        incurred for the reduction of ground water use and the 
        conversion from ground water use to surface water use. Such 
        term shall also include expenditures paid or incurred for the 
        purpose of''.
    (c) Limitation Relating to Conservation Plan.--Section 175(c)(3)(A) 
of such Code is amended--
            (1) in the matter preceding paragraph (1) by striking 
        ``soil conservation plan'' and inserting ``soil or water 
        conservation plan or practice'',
            (2) in clause (i)--
                    (A) by striking ``the plan'' and all that follows 
                through ``Agriculture or the'' and inserting ``a plan 
                (if any) approved by the Natural Resources Conservation 
                Service of the Department of Agriculture or a'', and
                    (B) by inserting ``taxpayer's'' before ``land'',
            (3) by amending clause (ii) to read as follows:
                            ``(ii) a soil or water conservation plan of 
                        a comparable State or local agency, or'', and
            (4) by striking ``or'' at the end of clause (i) and 
        inserting after clause (ii) the following:
                            ``(iii) any conservation practice approved 
                        in the Field Office Technical Guide of the 
                        Natural Resources Conservation Service for the 
                        State in which the taxpayer's land is located 
                        if the purpose for such practice is consistent 
                        with one of the purposes identified in 
                        subsection (a).''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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