H.R. 5420 (102nd): To amend the Internal Revenue Code of 1986 with respect to the treatment of cooperative housing corporations.

Introduced:
Jun 17, 1992 (102nd Congress, 1991–1992)
Sponsor:
Rep. Theodore Weiss [D-NY17]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on June 17, 1992, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 17, 1992
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

6/17/1992--Introduced.
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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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