A bill to amend the Internal Revenue Code of 1986 with respect to the tax treatment of cooperative housing corporations.

Summary

Amends the Internal Revenue Code to exclude cooperative housing corporations from the limitations on deductions incurred by certain membership organizations in transactions with their members. Prohibits patronage losses of an organization from being used to offset earnings which are not patronage earnings. Specifies earnings to be treated as patronage earnings in the case of cooperative housing corporations.

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

Timeline

1. 22 November 1993

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 November 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S16951)

   Source: IntroReferral

3. 22 November 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 22 November 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 November 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 November 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 November 1993

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

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