A bill to amend the Internal Revenue Code of 1986 to clarify the tax treatment of agricultural cooperatives and to allow declaratory judgment relief for such cooperatives.

Summary

Amends the Internal Revenue Code, concerning the exemption of farmers' cooperatives from taxation, to define "marketing the products of members or other producers" to include feeding the products of members or other producers to cattle, hogs, fish, chickens, or other animals and selling the resulting animals or animal products. Provides for declaratory judgment relief for such cooperatives.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 September 1998

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 September 1998

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• Introduced in Senate

  summary · EN · 18 September 1998

  Open at official source

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