A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.

Summary

Amends the Internal Revenue Code with respect to the tax-exempt status of a cooperative telephone company to provide for the tax treatment of income received from a nonmember telephone company for services by the cooperative which are indirectly paid for by members of the cooperative. Includes billing and collection services for a nonmember telephone company under such treatment. Provides for the tax treatment of account reserve income that does not exceed a specified percentage of the company's total income. Subjects a portion of such investment income to unrelated business income tax.

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

Timeline

1. 21 January 1993

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 21 January 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S585)

   Source: IntroReferral

3. 21 January 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 21 January 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 January 1993

  Open at official source

Sponsors

• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Conrad, Kent [D-ND] · D · Sponsor
• Chuck Grassley · R · Sponsor
• Sen. Packwood, Bob [R-OR] · R · Sponsor
• Rep. Harkin, Tom [D-IA-5] · D · Sponsor
• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• Rep. Dorgan, Byron L. [D-ND-At Large] · D · Cosponsor
• Sen. Durenberger, Dave [R-MN] · R · Cosponsor
• Sen. Boren, David L. [D-OK] · D · Cosponsor
• Rep. Pressler, Larry [R-SD-1] · R · Cosponsor
• Sen. Burns, Conrad R. [R-MT] · R · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• Sen. Shelby, Richard C. [D-AL] · D · Cosponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• Rep. Jeffords, James M. [R-VT-At Large] · R · Cosponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Cosponsor
• Sen. Exon, J. James [D-NE] · D · Cosponsor
• Rep. Craig, Larry E. [R-ID-1] · R · Cosponsor
• Sen. Bond, Christopher S. [R-MO] · R · Cosponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Cosponsor
• Sen. Sasser, Jim [D-TN] · D · Cosponsor
• Sen. Kohl, Herb [D-WI] · D · Cosponsor
• Sen. Ford, Wendell H. [D-KY] · D · Cosponsor
• Sen. Bingaman, Jeff [D-NM] · D · Cosponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to provide for the treatment of certain amounts received by cooperative telephone companies.