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26 U.S.C. § 90 — Illegal Federal irrigation subsidies
Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** Gross income shall include an amount equal to any illegal Federal irrigation subsidy received by the taxpayer during the taxable year.
**(b) Illegal Federal irrigation subsidy** For purposes of this section—
(1) **In general** — The term “illegal Federal irrigation subsidy” means the excess (if any) of—
(A) the amount required to be paid for any Federal irrigation water delivered to the taxpayer during the taxpayer year, over
(B) the amount paid for such water.
(2) **Federal irrigation 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.
**(c) Denial of deduction** No deduction shall be allowed under this subtitle by reason of any inclusion in gross income under subsection (a).
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Source file: Laws/federal/codes/united-states-code/title-26/section-90-illegal-federal-irrigation-subsidies--dc269f24db.md
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Source location: Title 26, Chapter 1, § 90; chapter-001-normal-taxes-and-surtaxes.md
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**(a) General rule** Gross income shall include an amount equal to any illegal Federal irrigation subsidy received by the taxpayer during the taxable year.
**(b) Illegal Federal irrigation subsidy** For purposes of this section—
(1) **In general** — The term “illegal Federal irrigation subsidy” means the excess (if any) of—
(A) the amount required to be paid for any Federal irrigation water delivered to the taxpayer during the taxpayer year, over
(B) the amount paid for such water.
(2) **Federal irrigation 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.
**(c) Denial of deduction** No deduction shall be allowed under this subtitle by reason of any inclusion in gross income under subsection (a).
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Federal law — U.S. Code and appendices · legal_authorities
As used in this subchapter:
(1) The term “contract” means any repayment or water service contract between the United States and a district providing for the payment of construction charges to the United States including normal operation, maintenance, and replacement costs pursuant to Federal reclamation law.
(2) The term “district” means any individual or any legal entity established under State law which has entered into a contract or is eligible to contract with the Secretary for irrigation water.
(3)
(A) The term “full cost” means an annual rate as determined by the Secretary that shall amortize the expenditures for construction properly allocable to irrigation facilities in service, including all operation and maintenance deficits funded, less payments, over such periods as may be required under Federal reclamation law or applicable contract provisions, with interest on both accruing from October 12, 1982, on costs outstanding at that date, or from the date incurred in the case of costs arising subsequent to October 12, 1982: Provided, That operation, maintenance, and replacement charges required under Federal reclamation law, including this subchapter, shall be collected in addition to the full cost charge.
(B) The interest rate used for expenditures made on or before October 12, 1982, shall be determined by the Secretary of the Treasury on the basis of the weighted average yield of all interest bearing, marketable issues sold by the Treasury during the fiscal year in which the expenditures by the United States were made, but shall not be less than 7½ per centum per annum.
(C) The interest rate used for expenditures made after October 12, 1982, shall be determined by the Secretary of the Treasury on the basis of the arithmetic average of—
(i) the r
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Federal law — U.S. Code and appendices · legal_authorities
Page 513
TITLE 26—INTERNAL REVENUE CODE
§ 91
rules, the interim impact on former employees, the
meeting of the written requirement for covered plans in
connection with implementation of section 89 of the
Code, and the issuance by Nov. 15, 1988, of rules nec-
essary to carry out section 89, prior to repeal by Pub.
L. 101–140, title II, § 203(a)(7), Nov. 8, 1989, 103 Stat. 831.
PART-TIME EMPLOYEE DEFINED FOR PURPOSES OF
SUBSECTION (f)
Pub. L. 100–647, title VI, § 6070, Nov. 10, 1988, 102 Stat.
3704, increased the number of employees who would be
excluded from consideration under this section during
plan years 1989 and 1990, in the case of a plan main-
tained by an employer which employs fewer than 10 em-
ployees on a normal working day during a plan year,
prior to repeal by Pub. L. 101–140, title II, § 203(a)(7),
Nov. 8, 1989, 103 Stat. 831.
§ 90. Illegal Federal irrigation subsidies
(a) General rule
Gross income shall include an amount equal to
any illegal Federal irrigation subsidy received
by the taxpayer during the taxable year.
(b) Illegal Federal irrigation subsidy
For purposes of this section—
(1) In general
The term ‘‘illegal Federal irrigation sub-
sidy’’ means the excess (if any) of—
(A) the amount required to be paid for any
Federal irrigation water delivered to the
taxpayer during the taxpayer year, over
(B) the amount paid for such water.
(2) Federal irrigation water
The term ‘‘Federal irrigation water’’ means
any water made available for agricultural pur-
poses from the operation of any reclamation
or irrigation project referred to in paragraph
(8) of section 202 of the Reclamation Reform
Act of 1982.
(c) Denial of deduction
No deduction shall be allowed under this sub-
title by reason of any inclusion in gross income
under su
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 90
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