HR 3044
100th Congress
House
Taxation
Agriculture and Rural Affairs
Communications and Broadcasting
Consumer cooperatives
Dividends
Electric power
Energy
Income
Income tax
Minimum tax
Rural affairs legislation
Rural electrification
Tax-exempt organizations
Telephone
A bill to amend the Internal Revenue Code of 1986 to treat rural electric or telephone cooperatives in the same manner as other cooperatives for purposes of the book income preference under the minimum tax.
Introduced: July 29, 1987
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 1987
Referred to House Committee on Ways and Means.
Jul 29, 1987
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow rural telephone and electric cooperatives to exclude allocations in the nature of patronage dividends when determining net book income for purposes of the minimum tax.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1