To amend the Internal Revenue Code of 1986 to permit cooperatives to pay dividends on preferred stock without reducing patronage dividends.

Summary

Amends the Internal Revenue Code to provide that the patronage dividends of cooperatives shall not be reduced by stock dividends to the extent the stock dividends are in addition to amounts otherwise payable.

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

Timeline

1. 24 May 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 24 May 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 May 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 May 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 May 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 May 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 May 1999

  Open at official source

Sponsors

• Rep. Thomas, William M. [R-CA-20] · R · Sponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Nethercutt, George R., Jr. [R-WA-5] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• · hswm00 · Standing

Related records

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