§ 90 - Illegal Federal irrigation subsidies

CHAPTER 1— NORMAL TAXES AND SURTAXES › Subchapter B— Computation of Taxable Income

(a) Gross income shall include an amount equal to any illegal Federal irrigation subsidy received by the taxpayer during the taxable year.

(b) For purposes of this section—

(b)(1) The term “illegal Federal irrigation subsidy” means the excess (if any) of—

(b)(1)(A) the amount required to be paid for any Federal irrigation water delivered to the taxpayer during the taxpayer year, over

(b)(1)(B) the amount paid for such water.

(b)(2) The term “Federal irrigation water” means any water made available for agricultural purposes from the operation of any reclamation or irrigation project referred to in paragraph (8) of section 202 of the Reclamation Reform Act of 1982.

Notes

Editorial Notes

References in Text

Section 202 of the Reclamation Reform Act of 1982, referred to in subsec. (b)(2), is classified to section 390bb of Title 43, Public Lands.

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 100–203, title X, § 10611(c), Dec. 22, 1987, 101 Stat. 1330–452, provided that: “The amendments made by this section [enacting this section] shall apply to water delivered to the taxpayer in months beginning after the date of the enactment of this Act [Dec. 22, 1987].”