Skip to main content
S 873 102th Congress Senate Taxation Accounting Cooperative societies Depreciation and amortization Income Income tax Interest Leases Rent Rural electrification Tax administration Tax-exempt organizations Telephone

A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of interest income and rental expense in connection with safe harbor leases involving rural electric cooperatives.

Introduced: April 18, 1991 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 1991
Read twice and referred to the Committee on Finance.
Apr 18, 1991
Introduced in Senate
 Plain-English summary Congressional Research Service

Requires interest income from certain qualified leased property transactions of rural electric cooperatives to be offset by rental expenses of such transactions before allocating income or expense to members and nonmembers of such cooperatives for purposes of the accelerated cost recovery system of the Internal Revenue Code.

What's happening now April 18, 1991

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1