Rep. Buck introduced H.R. 519, known as the WATER Act (Water and Agriculture Tax Reform Act) of 2017, on Friday. The legislation will make it easier for water companies to retain their nonprofit status even if they receive more than 15 percent of their revenue from nonmember sources. Revenues raised under the act must be used for maintenance operations and infrastructure improvements.
“Farmers and ranchers around the 4th Congressional District support this legislation because they need affordable water,” Buck said in the release. “We worked hard on this legislation last year and I’m hopeful that this year we’ll see it pass the House and Senate and signed into law.”