A bill to amend the Internal Revenue Code of 1954 to provide for equipment which conserves irrigation water an additional ten percent investment tax credit and an election to depreciate such equipment based on a three-year useful life.
Irrigation Water Conservation Tax Act of 1981 - Amends the Internal Revenue Code to provide an additional ten percent investment tax credit for equipment which conserves farm irrigation water and an election to depreciate such equipment based on a useful life of three years.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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