One would have thought that benefits conferred on federal irrigators - and their captured agency, the US Bureau of Reclamation - by the the two Klamath Water Deals (The older KBRA and newer Upper Basin Agreement) would have been enough. After all, not only has Reclamation already used taxpayer funds to implemented many of the costly "benefits" for federal irrigators included in the KBRA, but Congressional backing for the Deals would essentially insulate federal irrigation, the growers it serves and 40% of the total diversions from the Klamath River Basin from tribal water rights claims. Additionally, if Wyden's Bill were to become law, the Klamath Tribes' claim to flows in the Klamath River would be relinquished. That claim is the only practical path to achieving restoration flows in the Klamath River.
Here the substance of the new tax break:
"In the case of a mutual ditch or irrigation company or of a like organization to a mutual ditch or irrigation company, subparagraph (A) shall be applied without taking into account any income received or accrued (I) from the sale, lease, or exchange of fee or other interests in real property, including interests in water, (II) from the sale or exchange of stock in a mutual ditch or irrigation company (or in a like organization to a mutual ditch or irrigation company) or contract rights for the delivery or use of water, or (III) from the investment of proceeds from sales, leases, or exchanges under subclauses (I) and (II),..."