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H.R. 6462 (112th): Water and Agriculture Technology Economic Revitalization Act of 2012


We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Sep 20, 2012.


Water and Agriculture Technology Economic Revitalization Act of 2012 - Amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status. Requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company.