HR 1908
103th Congress
House
Taxation
Business losses
Cooperative housing
Cooperative societies
Corporation taxes
Earnings
Housing and Community Development
Income tax
Tax deductions
To amend the Internal Revenue Code of 1986 to modify the tax treatment of cooperative housing corporations.
Introduced: April 28, 1993
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 13, 1993
Hearing Held on Issue by Subcommittee on Select Revenue Measures.
Apr 28, 1993
Referred to the House Committee on Ways and Means.
Apr 28, 1993
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to exclude certain cooperative housing corporations from the rule allowing limited deductions incurred by certain membership organizations in transactions with their members.
Prohibits such corporations from using patronage losses to offset earnings which are not patronage earnings.
What's happening now
Hearing Held on Issue by Subcommittee on Select Revenue Measures.
Committees of jurisdiction
1