HR 1546
104th Congress
House
Taxation
Business losses
Commerce
Cooperative housing
Cooperative societies
Corporation taxes
Earnings
Housing and Community Development
Income tax
Tax administration
Tax deductions
Housing Co-op Tax Correction Act of 1995
Introduced: May 2, 1995
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 1995
Committee Hearings Held.
Jul 11, 1995
Committee Hearings Held.
May 2, 1995
Referred to the House Committee on Ways and Means.
May 2, 1995
Introduced in House
Plain-English summary
Housing Co-op Tax Correction Act of 1995 - Amends the Internal Revenue Code to exclude cooperative housing corporations from the limitations on deductions incurred by certain membership organizations in transactions with their members.
Prohibits patronage losses of an organization from being used to offset earnings which are not patronage earnings. Specifies earnings to be treated as patronage earnings in the case of cooperative housing corporations.
What's happening now
Committee Hearings Held.
Committees of jurisdiction
1