United States · Bill · S
S. 2669 (100th)
A bill to amend section 1388 of the Internal Revenue Code of 1986.
Introduced
29 July 1988
Last action
—
Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
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.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 29 July 1988
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/2669
- Open data entity: https://api.congress.gov/v3/bill/100/s/2669