S. 873 (102nd): A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of interest income and rental expense in connection with safe harbor leases involving rural electric cooperatives.

Introduced:
Apr 18, 1991 (102nd Congress, 1991–1992)
Sponsor:
Sen. David Boren [D-OK]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 880 (103rd) on May 04, 1993.

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on April 18, 1991, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 18, 1991
Referred to Committee Apr 18, 1991
Cosponsors
10 cosponsors (6D, 4R) (show)
Committees

Senate Finance

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

Summary

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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.

4/18/1991--Introduced.
Requires interest income from certain qualified leased property transactions of rural electric cooperatives to be offset by rental expenses of such transactions before allocating income or expense to members and nonmembers of such cooperatives for purposes of the accelerated cost recovery system of the Internal Revenue Code.

House Republican Conference Summary

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House Democratic Caucus Summary

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