Ken Buck Urges Passage of Bill that Empowers Rural Water Users
For Immediate Release
Contact: Kyle Huwa, 202-225-4676
Washington, D.C. – 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.
Watch a video about the legislation here: https://youtu.be/duagN3PKPZc
Rep. Ken Buck (CO-04) is the Freshman Class President. He serves on the House Judiciary Committee and the House Committee on Oversight and Government Reform. He serves on the OGR Subcommittees on Government Operations and the Interior and is a member of the Judiciary Subcommittees on Immigration and Border Security and Crime, Terrorism, Homeland Security and Investigations.