HR 4097
102th Congress
House
Taxation
Business losses
Cooperative housing
Cooperative societies
Corporation taxes
Housing and Community Development
Income tax
Tax administration
Tax deductions
To amend the Internal Revenue Code of 1986 with respect to the treatment of cooperative housing corporations.
Introduced: January 22, 1992
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 1992
Referred to the House Committee on Ways and Means.
Jan 22, 1992
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exclude cooperative housing corporations from the limitations on deductions incurred by certain membership organizations in transactions with their members.
Prohibits patronage losses of an organization from being used to offset earnings which are not patronage earnings. Specifies earnings to be treated as patronage earnings in the case of cooperative housing corporations.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1