A bill to amend the Internal Revenue Code of 1954 to equalize the treatment of charitable contributions and investment tax credits for certain cooperatives and their members.

Summary

Amends the Internal Revenue Code to increase the limitations on charitable deductions and investment tax credits taken by cooperative corporations. Allows cooperatives to allocate their investment tax credits among their patrons.

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

Timeline

1. 28 March 1977

   Introduced

   Introduced in House

   Source: IntroReferral

2. 28 March 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

3. 28 March 1977

   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 · 28 March 1977

  Open at official source

Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to equalize the treatment of charitable contributions and investment tax credits for certain cooperatives and their members.