United States · Bill · HR
H.R. 5305 (95th)
Tax Equalization Act
Introduced
22 March 1977
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Tax Equalization Act - Amends the Internal Revenue Code to repeal the tax exempt status of farmers' cooperatives and the special tax treatment of certain other cooperatives. Disallows to cooperatives any deduction for patronage dividends paid by them. Includes patronage dividends within the amount excludible as dividends received by individuals and corporations. Applies such changes to taxable years beginning after 1976, with the new exclusions applying to dividends arising, or received, after 1974.
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Documents
1 official file
Introduced in House
summary · EN · 22 March 1977
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/house-bill/5305
- Open data entity: https://api.congress.gov/v3/bill/95/hr/5305