26 U.S.C. § 90
§ 90. Illegal Federal irrigation subsidies
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1987 by the Omnibus Budget Reconciliation Act of 1987. Last changed December 22, 1987 by the Omnibus Budget Reconciliation Act of 1987.
Every change, newest first (1)
- December 22, 1987Omnibus Budget Reconciliation Act of 1987 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Gross income shall include an amount equal to any illegal Federal irrigation subsidy received by the taxpayer during the taxable year.
For purposes of this section—
The term “illegal Federal irrigation subsidy” means the excess (if any) of—
the amount required to be paid for any Federal irrigation water delivered to the taxpayer during the taxpayer year, over
the amount paid for such water.
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.
No deduction shall be allowed under this subtitle by reason of any inclusion in gross income under subsection (a).