A bill to amend the Internal Revenue Code of 1954 to exempt from income taxation certain organizations operated for mutual purposes and without profit for the purpose of providing reserve funds for, and insurance of shares or deposits in certain credit unions and domestic building and loan associations.

referredUnited States· United States Congress· EN

Introduced

26 May 1976

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to exempt from taxation corporations or associations without capital stock organized before January 1, 1969, and operated for mutual purposes and without profit for the purpose of providing reserve funds for, and insurance of shares or deposits in either or both credit unions or domestic building and loan associations.

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Documents

1 official file

Introduced in House
summary · EN · 26 May 1976
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/14039
Open data entity: https://api.congress.gov/v3/bill/94/hr/14039