HR 1469
106th Congress
House
Taxation
Agricultural cooperatives
Agriculture and Food
Animals
Business income tax
Civil actions and liability
Commerce
Feeds
Income tax
Judicial opinions
Judicial review of administrative acts
Law
Livestock industry
Marketing of farm produce
Tax administration
Tax-exempt organizations
To amend the Internal Revenue Code of 1986 to reestablish the marketing aspects of farmers' cooperatives in relation to adding value to a farmer's product by feeding it to animals and selling the animals and to grant a declaratory judgment remedy relating to the status and classification of farmers' cooperatives.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 1999
Referred to the House Committee on Ways and Means.
Apr 15, 1999
Introduced in House
Plain-English summary
Amends the Internal Revenue Code, with respect to the treatment of S corporations and to the tax exemption for farmers' cooperatives, to declare that cooperative marketing includes the value-added processing of the products of cooperative members and other producers through animals, that is, by: (1) feeding such products to cattle, hogs, fish, chickens, or other animals; and then (2) selling the animals (or animal products) which were fed such feed products.
Authorizes a U.S. district court to issue a declaratory judgment relating to the initial or continuing qualification of a farmers' cooperative as tax-exempt.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1