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S 155 103th Congress Senate Taxation Collection of accounts Consumer cooperatives Fees Income tax Tax-exempt organizations Telephone Unrelated business income tax

A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.

Introduced: January 21, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 21, 1993
Read twice and referred to the Committee on Finance.
Jan 21, 1993
Sponsor introductory remarks on measure. (CR S585)
Jan 21, 1993
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code with respect to the tax-exempt status of a cooperative telephone company to provide for the tax treatment of income received from a nonmember telephone company for services by the cooperative which are indirectly paid for by members of the cooperative. Includes billing and collection services for a nonmember telephone company under such treatment.

Provides for the tax treatment of account reserve income that does not exceed a specified percentage of the company's total income. Subjects a portion of such investment income to unrelated business income tax.

What's happening now January 21, 1993

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 778 Identical bill To amend the Internal Revenue Code of 1986 to provide for the treatment of certain amounts received by cooperative tele…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jan 21, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). S. 155: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.. 103rd Congress. Open America. https://openamerica.io/bill/103-S-155/
MLA
"S. 155: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-155/.
Bluebook (legal)
S. 155, 103rd Cong. (2026), https://openamerica.io/bill/103-S-155/.
Markdown link
[S. 155: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.](https://openamerica.io/bill/103-S-155/)
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