A bill to clarify the exempt status of joint activities of education organizations under the Internal Revenue Code of 1954.

Summary

Provides, under the Internal Revenue Code, that if Cooperative Service Organizations of Operating Educational Organizations are organized and operated solely to hold, comingle, mingle, and collectively invest and reinvest in stocks and securities the moneys contributed by each of the members of such organization, and to collect income therefrom and turn over the entire amount, less expense, to such members; and are organized and controlled by one or more such members, then such organizations shall be treated as an organization organized and operated exclusively for charitable purposes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 5 December 1973

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.