A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of interest income and rental expense in connection with safe harbor leases involving rural electric cooperatives.

referredUnited States· United States Congress· EN

Introduced

4 May 1993

Last action

—

Status

Read twice and referred to the Committee on Finance.

Summary

Requires interest income from certain qualified leased property transactions of rural electric cooperatives to be offset by rental expenses of such transactions before allocating income or expense to members and nonmembers of such cooperatives for purposes of the accelerated cost recovery system of the Internal Revenue Code.

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Documents

3 official files

Introduced in Senate (text)
Introduced in Senate · EN · 4 May 1993
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Introduced in Senate (PDF)
Introduced in Senate · EN · 4 May 1993
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Introduced in Senate
summary · EN · 4 May 1993
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Sources

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Official source: https://www.congress.gov/bill/103rd-congress/senate-bill/880
Open data entity: https://api.congress.gov/v3/bill/103/s/880