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New tax laws proposed for ditch companies |
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Monday, 19 February 2007 |
Rep. Mark Udall has introduced H.B. 1182 in the U.S. House of Representatives to "amend the Internal Revenue Code of 1986 to allow
section 1031 treatment for exchanges involving certain mutual ditch,
reservoir, or irrigation company stock." Co-sponsors are Rep. Doug Lamborn, Rep. Marilyn Musgrave and Rep. John Salazar.
We'll post the text of the legislation as soon as it's available.
For more information about tax law for ditch companies, don't miss the Friday morning portion of our Sterling Convention where a panel of experts will discuss this very topic.
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