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HR 4542 100th Congress House Taxation Accounting Agricultural cooperatives Agricultural economics Agricultural societies Agriculture and Rural Affairs Business and commerce Business losses Capital gains tax Communications and Broadcasting Cooperative societies Earnings Electric power Energy Finance and Financial Sector Income tax Insurance Insurance companies Rural affairs legislation Rural electrification

A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of sales of certain assets by cooperatives.

Introduced: May 5, 1988 See on congress.gov
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 1988
Referred to House Committee on Ways and Means.
May 5, 1988
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now May 5, 1988

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · May 5, 1988
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4542: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of sales of certain assets by cooperatives.. 100th Congress. Open America. https://openamerica.io/bill/100-HR-4542/
MLA
"H.R. 4542: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of sales of certain assets by cooperatives.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-4542/.
Bluebook (legal)
H.R. 4542, 100th Cong. (2026), https://openamerica.io/bill/100-HR-4542/.
Markdown link
[H.R. 4542: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of sales of certain assets by cooperatives.](https://openamerica.io/bill/100-HR-4542/)
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