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Ken Buck Urges Passage of Bill that Empowers Rural Water Users

Press Release

By: Ken Buck
By: Ken Buck
Date: May 13, 2016
Location: Washington, DC
Issues: Taxes

This week Congressman Ken Buck testified at the Ways and Means Committee hearing on behalf of H.R. 4220, the Water and Agriculture Tax Reform Act of 2015. This legislation reforms the IRS rules as they apply to mutual irrigation, reservoir, and water companies. Normally, these cooperatives are member-owned and also tax exempt. This legislation ensures that these cooperatives can remain member-owned without the cost of water assessments skyrocketing, by allowing the cooperatives to raise additional revenue from recreational leases and crossing fees without losing their tax-exempt status.

"Farmers and ranchers rely on water for their very livelihood," Congressman Ken Buck stated. "I urged the Ways and Means Committee to pass the WATER Act this week to keep water costs for rural America low and to empower farmers and ranchers to have a stake in their water resources."

The legislation will next face a committee vote in the Ways and Means Committee.


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