A bill to amend the Internal Revenue Code of 1954 to equalize the treatment of charitable contributions and investment tax credit 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. 19 October 1977

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 19 October 1977

   Introduced

   Introduced in Senate

   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 Senate

  summary · EN · 19 October 1977

  Open at official source

Sponsors

• Sen. Curtis, Carl T. [R-NE] · R · Sponsor
• Sen. Nelson, Gaylord [D-WI] · D · Cosponsor
• · ssfi00 · 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.