S 1522
102th 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 the treatment by cooperatives of gains or losses from sale of certain assets.
Introduced: July 22, 1991
See on congress.gov
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
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1