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S 1273 101th Congress Senate Taxation Accounting Agricultural cooperatives Agricultural economics Business losses Capital gains tax Income tax

A bill to amend the Internal Revenue Code of 1986 with respect to treatment by cooperatives of gains or losses from sale of certain assets.

Introduced: June 23, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 1989
Star Print ordered s.1273.
Jun 23, 1989
Read twice and referred to the Committee on Finance.
Jun 23, 1989
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 July 21, 1989

Star Print ordered s.1273.

 Related & companion bills 1
  • HR 2353 Identical bill To amend the Internal Revenue Code of 1986 to allow non-exempt farmer cooperatives to elect patronage-sourced treatment…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
McConnell, Mitch
Kentucky · Sep 21, 1989
 R
Grassley, Chuck
Iowa · Jun 23, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1273: A bill to amend the Internal Revenue Code of 1986 with respect to treatment by cooperatives of gains or losses from sale of certain assets.. 101st Congress. Open America. https://openamerica.io/bill/101-S-1273/
MLA
"S. 1273: A bill to amend the Internal Revenue Code of 1986 with respect to treatment by cooperatives of gains or losses from sale of certain assets.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-S-1273/.
Bluebook (legal)
S. 1273, 101st Cong. (2026), https://openamerica.io/bill/101-S-1273/.
Markdown link
[S. 1273: A bill to amend the Internal Revenue Code of 1986 with respect to treatment by cooperatives of gains or losses from sale of certain assets.](https://openamerica.io/bill/101-S-1273/)
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