United States · Bill · S
S. 1613 (94th)
A bill to amend section 501(c)(12) of the Internal Revenue Code of 1954 (relating to the taxation of telephone cooperatives).
Introduced
1 May 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Exempts the income of (1) benevolent life insurance associations of a purely local character, (2) mutual ditch or irrigation companies, (3) mutual or cooperative telephone companies, or (4) like organizations from taxation under the Internal Revenue Code only if 85 percent or more of the income consisted of payments from members and is used to meet expenses and pay losses.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 1 May 1975
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1613
- Open data entity: https://api.congress.gov/v3/bill/94/s/1613