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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (3)

Short Titles

Short Titles - House of Representatives

Short Titles as Reported to House

Water and Agriculture Tax Reform Act of 2016

Short Titles as Introduced

Water and Agriculture Tax Reform Act of 2015

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to facilitate water leasing and water transfers to promote conservation and efficiency.


Actions Overview (2)

Date Actions Overview
12/08/2016Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-862.
12/10/2015Introduced in House

All Actions (6)

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

Cosponsors (9)


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means12/10/2015 Referred to
09/21/2016 Markup by
12/08/2016 Reported by H. Rept. 114-862

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Subjects (9)


Latest Summary (2)

There are 2 summaries for H.R.4220. View summaries

Shown Here:
Reported to House with amendment(s) (12/08/2016)

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.