What is the official ID of this bill?

The official print number for this legislation is HR 3954.

When did the legislative process begin?

The process officially started on 2023-06-09.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/118/bills/hr3954/BILLS-118hr3954ih.htm

Is this summary verified?

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

Who is the primary sponsor?

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

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

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.

Analysis and Potential Impact of HR 3954

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 Relief for Water Companies: Promoting Water Conservation in Agriculture

Q: 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.

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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Additional Information

Water and Agriculture Tax Reform Act of 2023

Print number: HR 3954

Sponsor: Rep. Buck, Ken [R-CO-4]

Process start date: 2023-06-09

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 Relief for Water Companies: Promoting Water Conservation in Agriculture

Key Questions about Tax Relief for Water Companies: Promoting Water Conservation in Agriculture