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S 2669 100th Congress Senate 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 section 1388 of the Internal Revenue Code of 1986.

Introduced: July 29, 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
Jul 29, 1988
Read twice and referred to the Committee on Finance.
Jul 29, 1988
Introduced in Senate
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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 July 29, 1988

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jul 29, 1988
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2669: A bill to amend section 1388 of the Internal Revenue Code of 1986.. 100th Congress. Open America. https://openamerica.io/bill/100-S-2669/
MLA
"S. 2669: A bill to amend section 1388 of the Internal Revenue Code of 1986.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-S-2669/.
Bluebook (legal)
S. 2669, 100th Cong. (2026), https://openamerica.io/bill/100-S-2669/.
Markdown link
[S. 2669: A bill to amend section 1388 of the Internal Revenue Code of 1986.](https://openamerica.io/bill/100-S-2669/)
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