A bill to amend section 501 (c) (12) of the Internal Revenue Code of 1954 (relating to the taxation of telephone cooperatives).

Summary

Excludes, for determination of income tax exemption, income of a mutual or cooperative telephone company derived from services performed for a nonmember telephone company from the requirement that 85 percent of income of such companies consist of amounts collected from members for meeting losses and expenses.

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

Timeline

1. 23 April 1974

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 April 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 April 1974

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 23 April 1974

  Open at official source

Sponsors

• Rep. Jones, Ed [D-TN-7] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend section 501(c)(12) of the Internal Revenue Code of 1954 (relating to the taxation of telephone cooperatives).