What is the official ID of this bill?

The official print number for this legislation is S 2383.

When did the legislative process begin?

The process officially started on 2021-07-20.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s2383/BILLS-117s2383is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Crapo, Mike [R-ID].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 2383

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Reforms for Water Companies: Facilitating Water Transactions

Q: What are the main provisions?

Key points include: Water and irrigation companies can sell or lease water rights without losing their tax-exempt status, encouraging water conservation. Income from investments or property sales by these companies will not affect their tax status, provided it's not used for purposes other than operations, maintenance, and capital improvements. The act accommodates specific voting rules for water companies, aiming to facilitate their operation in accordance with state law.

This new act introduces tax changes for mutual ditch and irrigation companies. The goal is to make it easier for them to lease or transfer water rights, which could promote water conservation and efficiency. These changes may impact water availability and usage costs in agriculture.

Key points

Water and irrigation companies can sell or lease water rights without losing their tax-exempt status, encouraging water conservation.

Income from investments or property sales by these companies will not affect their tax status, provided it's not used for purposes other than operations, maintenance, and capital improvements.

The act accommodates specific voting rules for water companies, aiming to facilitate their operation in accordance with state law.

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Additional Information

Water and Agriculture Tax Reform Act of 2021

Print number: S 2383

Sponsor: Sen. Crapo, Mike [R-ID]

Process start date: 2021-07-20

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Tax Reforms for Water Companies: Facilitating Water Transactions

Key Questions about Tax Reforms for Water Companies: Facilitating Water Transactions