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United States · Bill · S

S. 2669 (100th)

A bill to amend section 1388 of the Internal Revenue Code of 1986.

referredUnited States· United States Congress· EN

Introduced

29 July 1988

Last action

29 July 1988 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Boren, David L. [D-OK], Sen. Durenberger, Dave [R-MN], Sen. Danforth, John C. [R-MO], Sen. Pryor, David H. [D-AR], Sen. Baucus, Max [D-MT], Sen. Daschle, Thomas A. [D-SD], Sen. Lugar, Richard G. [R-IN], Sen. Leahy, Patrick J. [D-VT], Sen. Cochran, Thad [R-MS], Sen. Symms, Steven D. [R-ID], Sen. Pressler, Larry [R-SD], Sen. Kassebaum, Nancy Landon [R-KS], Sen. Grassley, Chuck [R-IA], Sen. Boschwitz, Rudy [R-MN], Sen. Karnes, David K. [R-NE], Sen. Burdick, Quentin N. [D-ND], Sen. Harkin, Tom [D-IA], Sen. Cranston, Alan [D-CA], Sen. Bond, Christopher S. [R-MO], Sen. Nickles, Don [R-OK], Sen. Simpson, Alan K. [R-WY], Sen. Melcher, John [D-MT]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to permit cooperatives (farmers' cooperatives, cooperative banks, mutual insurance companies, and rural electric and telephone cooperatives) to: (1) elect to treat as ordinary income or loss any gain or loss from the sale or other disposition of any asset used by the organization to facilitate the conduct of business done with or for patrons; and (2) include such gain or loss in net earnings of the organization from business done with or for patrons.

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

Timeline

  1. 29 July 1988

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 29 July 1988

    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

Leesvertaling

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Sponsors

Related records

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Sources

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