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Tax Relief for Water Companies: Promoting Water Conservation in Agriculture

New rules make it easier for mutual ditch and irrigation companies to manage water resources, promoting conservation and efficiency. These changes may affect water availability for agriculture and its usage costs, potentially impacting food prices and supply stability. Citizens might experience indirect benefits through better natural resource management.
Key points
Water companies will not pay tax on income from selling or leasing water rights, encouraging more efficient water management.
Investment income related to water will also be tax-exempt, provided it is not used for purposes other than operations, maintenance, and capital improvements.
The changes aim to support water conservation and efficient use in agriculture, potentially contributing to food supply stability.
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Expired
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Additional Information
Print number: 118_HR_3954
Sponsor: Rep. Buck, Ken [R-CO-4]
Process start date: 2023-06-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Water and Agriculture Tax Reform Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3954.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-09.

What are the main provisions?

Key points include:

  • Water companies will not pay tax on income from selling or leasing water rights, encouraging more efficient water management.
  • Investment income related to water will also be tax-exempt, provided it is not used for purposes other than operations, maintenance, and capital improvements.
  • The changes aim to support water conservation and efficient use in agriculture, potentially contributing to food supply stability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Buck, Ken [R-CO-4].

What is the latest detailed status?

The latest detailed status is: ASSUMING FIRST SPONSORSHIP - Mr. Lopez asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 3954, a bill originally introduced by Representative Buck, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Agriculture Environment