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United States · Bill · HR

H.R. 4542 (100th)

A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of sales of certain assets by cooperatives.

referredUnited States· United States Congress· EN

Introduced

5 May 1988

Last action

5 May 1988 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Daub, Hal [R-NE-2], Sen. Dorgan, Byron L. [D-ND], Sen. Brown, Hank [R-CO], Sen. Roberts, Pat [R-KS], Rep. Lukens, Donald E. [R-OH-8], Rep. Bereuter, Doug [R-NE-1], Rep. Tauke, Thomas Joseph [R-IA-2], Rep. de la Garza, E. [D-TX-15], Rep. Madigan, Edward R. [R-IL-15], Rep. Stenholm, Charles W. [D-TX-17], Rep. Holloway, Clyde [R-LA-8], Rep. Penny, Timothy J. [D-MN-1], Rep. Wilson, Charles [D-TX-2], Rep. Kastenmeier, Robert W. [D-WI-2], Rep. Emerson, Bill [R-MO-8], Rep. Stangeland, Arlan [R-MN-7], Rep. Coleman, E. Thomas [R-MO-6], Rep. Whittaker, Bob [R-KS-5], Rep. Glickman, Dan [D-KS-4], Rep. Lightfoot, Jim [R-IA-3], Sen. Durbin, Richard J. [D-IL], Rep. Petri, Thomas E. [R-WI-6], Sen. Johnson, Tim [D-SD], Rep. Weber, Vin [R-MN-2], Rep. Chapman, Jim [D-TX-1], Rep. Volkmer, Harold L. [D-MO-9], Rep. Jontz, Jim [D-IN-5], Sen. Craig, Larry E. [R-ID], Rep. Leath, Marvin [D-TX-11], Rep. Smith, Virginia [R-NE-3], Rep. Grandy, Fred [R-IA-6], Rep. Cheney, Dick [R-WY-At Large], Rep. Evans, Lane [D-IL-17], Rep. Slattery, Jim [D-KS-2], Sen. Campbell, Ben Nighthorse [R-CO], Rep. Brown, George E., Jr. [D-CA-42], Rep. Synar, Mike [D-OK-2], Rep. McCloskey, Frank [D-IN-8], Rep. English, Glenn [D-OK-6], Rep. Moody, Jim [D-WI-5], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Smith, Lamar [R-TX-21], Rep. Rose, Charlie [D-NC-7], Rep. Espy, Mike [D-MS-2], Rep. Herger, Wally [R-CA-2], Rep. Sisisky, Norman [D-VA-4], Rep. Matsui, Robert T. [D-CA-5], Rep. Smith, Robert [R-OR-2]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to permit cooperatives (farmers' cooperatives, cooperative banks, mutual insurance companies, and rural electric and telephone cooperatives) to: (1) elect to treat as ordinary income or loss any gain or loss from the sale or other disposition of any asset used by the organization to facilitate the conduct of business done with or for patrons; and (2) include such gain or loss in net earnings of the organization from business done with or for patrons.

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

Timeline

  1. 5 May 1988

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 5 May 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 May 1988

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Related records

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Sources

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