S 785
108th Congress
Senate
Taxation
Commerce
Cooperative societies
Dividends
Finance and Financial Sector
Income tax
Stocks
Tax exclusion
A bill to amend the Internal Revenue Code of 1986 to allow the payment of dividends on the stock of cooperatives without reducing patronage dividends.
Introduced: April 3, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837)
Apr 3, 2003
Sponsor introductory remarks on measure. (CR S4836-4837)
Apr 3, 2003
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to provide that the patronage dividends of cooperatives shall not be reduced by stock dividends to the extent the stock dividends are in addition to amounts otherwise payable.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837)
Committees of jurisdiction
1
Cosponsors
1