September 24, 2016--WATER Act passes House Ways and Means Committee (Greeley Tribune)

Rep. Ken Buck’s Water and Agriculture Tax Reform Act of 2015 was passed by the House Ways and Means Committee Wednesday, according to a news release. Buck, a Republican, is Colorado’s 4th Congressional District representative from Windsor. The WATER Act allows mutual water storage and delivery companies to maintain their nonprofit status, even if they receive more than 15 percent of their revenue from nonmembers, so long as the monies are reinvested into maintenance, operations and infrastructure improvements. In other words, this legislation would allow mutual irrigation and ditch companies to use revenue from non-members for infrastructure that’s vital to their operations, which keeps water prices lower for users. “The WATER Act ensures that farmers and ranchers have access to low cost water resources,” Buck said in the release. Buck’s bill will next go to the House floor for a vote by the whole House. To view the full article visit the Greeley Tribune.