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S 1522 102th Congress Senate

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

Introduced: July 22, 1991 See on congress.gov
Taxation AccountingAgricultural cooperativesAgricultural economicsBusiness losses
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Capital gains taxIncome tax
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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 22, 1991
Read twice and referred to the Committee on Finance.
Jul 22, 1991
Introduced in Senate
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 Latest action July 22, 1991

Read twice and referred to the Committee on Finance.

 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.

 Related & companion bills 1
  • HR 2361 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
Grassley, Chuck
Iowa · Jul 22, 1991
 R
McConnell, Mitch
Kentucky · Jul 22, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1522: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment by cooperatives of gains or losses from sale of certain assets.. 102nd Congress. Open America. https://openamerica.io/bill/102-S-1522/
MLA
"S. 1522: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment by cooperatives of gains or losses from sale of certain assets.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-1522/.
Bluebook (legal)
S. 1522, 102nd Cong. (2026), https://openamerica.io/bill/102-S-1522/.
Markdown link
[S. 1522: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment by cooperatives of gains or losses from sale of certain assets.](https://openamerica.io/bill/102-S-1522/)
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