December 3, 2015
Rep. Rick Crawford (R-AR) introduced the Groundwater Conservation Incentive Act (H.R. 4175) on December 3, which would amend the Internal Revenue Code of 1986. If enacted, the bill would provide tax deductions and exemptions for farmers that practice groundwater conservation measures, including constructing impoundments, reservoirs, and surface water retention structures.
Ultimately, the bill aims to encourage farmers to practice groundwater and soil conservation measures to combat the nation’s dwindling groundwater supply. The bill has been referred to the House Committee on Ways and Means.
Sources: congress.gov, US Government Printing Office, eenews