Housing Co-op Tax Correction Act of 1995

Summary

Housing Co-op Tax Correction Act of 1995 - Amends the Internal Revenue Code to exclude cooperative housing corporations from the limitations on deductions incurred by certain membership organizations in transactions with their members. Prohibits patronage losses of an organization from being used to offset earnings which are not patronage earnings. Specifies earnings to be treated as patronage earnings in the case of cooperative housing corporations.

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

Timeline

1. 9 March 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 March 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 March 1995

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 March 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 March 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 March 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 March 1995

  Open at official source

Sponsors

• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• CAROLYN MALONEY · D · Sponsor
• Rep. Nadler, Jerrold [D-NY-12] · D · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Rep. Manton, Thomas J. [D-NY-9] · D · Sponsor
• ELIOT ENGEL · D · Sponsor
• NITA LOWEY · D · Sponsor
• Rep. Torricelli, Robert G. [D-NJ-9] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Housing Co-op Tax Correction Act of 1995