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S 112 104th Congress Senate

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 4, 1995 See on congress.gov
Taxation Collection of accountsCommerceConsumer cooperativesFees
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Income taxScience, Technology, CommunicationsTax-exempt organizationsTelephoneUnrelated business income tax
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 4, 1995
Read twice and referred to the Committee on Finance.
Jan 4, 1995
Sponsor introductory remarks on measure. (CR S345-346)
Jan 4, 1995
Introduced in Senate
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 Latest action January 4, 1995

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code with respect to the tax-exempt status of a mutual or cooperative telephone company to provide that 50 percent of the income received from a nonmember telephone company for services by the cooperative shall be treated as collected from members of the cooperative for the sole purpose of meeting the losses and expenses of the cooperative.

Excludes, in determining the income of a cooperative: (1) billing and collection services performed for a nonmember telephone company; and (2) certain reserve income that does not exceed 35 percent of the company's total income. Subjects a portion of such reserve income to unrelated business income tax.

 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 4, 1995
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APA
U.S. Congress. (2026). S. 112: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.. 104th Congress. Open America. https://openamerica.io/bill/104-S-112/
MLA
"S. 112: A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of certain amounts received by a cooperative telephone company.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-S-112/.
Bluebook (legal)
S. 112, 104th Cong. (2026), https://openamerica.io/bill/104-S-112/.
Markdown link
[S. 112: 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/104-S-112/)
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