HR 1820 · 104th Congress · Taxation

Agricultural Water Conservation Act

Introduced 1995-06-13· Sponsored by Rep. Condit, Gary A. [D-CA-18]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E1239)(1995-06-14)

Plain Language Summary

[AI summary unavailable — showing source text] Agricultural Water Conservation Act - Amends the Internal Revenue Code to allow a tax credit for water conservation system expenses, if used on farm land having an extreme drought or a water shortage and meeting other requirements. Limits the amount of the credit and allows unused credit to be carried to the succeeding taxable year. Reduces by the amount of the credit any basis increase that would otherwise occur.…

Summarized by Claude AI · Non-partisan · For informational purposes only