HR 2353
101th Congress
House
Taxation
Accounting
Agricultural cooperatives
Agricultural economics
Business losses
Capital gains tax
Income tax
To amend the Internal Revenue Code of 1986 to allow non-exempt farmer cooperatives to elect patronage-sourced treatment for certain gains and losses.
Introduced: May 16, 1989
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 1989
Referred to the House Committee on Ways and Means.
May 16, 1989
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow farmers' cooperatives to elect to treat as ordinary income or loss certain capital gains and losses from the disposition of assets used in conducting business with or for patrons.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1