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S 873 102th Congress Senate

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 29, 1992 See on congress.gov
Taxation AccountingCooperative societiesDepreciation and amortizationIncome
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Income taxInterestLeasesRentRural electrificationTax administrationTax-exempt organizationsTelephone
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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
Apr 18, 1991
Read twice and referred to the Committee on Finance.
Apr 18, 1991
Introduced in Senate
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 Latest action April 18, 1991

Read twice and referred to the Committee on Finance.

 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.

 Related & companion bills 1
  • HR 720 Identical bill To amend the Internal Revenue Code of 1986 to clarify the treatment of interest income and rental expense in connection…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 29, 1992
Cite this page click to expand
APA
U.S. Congress. (2026). S. 873: 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.. 102nd Congress. Open America. https://openamerica.io/bill/102-S-873/
MLA
"S. 873: 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.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-873/.
Bluebook (legal)
S. 873, 102nd Cong. (2026), https://openamerica.io/bill/102-S-873/.
Markdown link
[S. 873: 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.](https://openamerica.io/bill/102-S-873/)
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