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HR 1821 107th 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.

Introduced: May 10, 2001 Introduced by: Thune, John Republican · South Dakota See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 10, 2001
Referred to the House Committee on Ways and Means.
May 10, 2001
Introduced in House
 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to declare that cooperative marketing includes the value-added processing of the products of cooperative members and other producers through animals 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 May 10, 2001

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1