H.R. 4542 (100th): A bill to amend the Internal Revenue Code of 1986 with respect to the treatment of sales of certain assets by cooperatives.

Introduced:
May 05, 1988 (100th Congress, 1987–1988)
Status:
Died (Referred to Committee)
Sponsor
Harold “Hal” Daub
Representative for Nebraska's 2nd congressional district
Party
Republican
 
Status

This bill was introduced on May 5, 1988, in a previous session of Congress, but was not enacted.

Progress
Introduced May 05, 1988
Referred to Committee May 05, 1988
 
Summary

No summaries available.

Cosponsors
59 cosponsors (33D, 26R) (show)
Committees

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


5/5/1988--Introduced.
Amends the Internal Revenue Code to permit cooperatives (farmers' cooperatives, cooperative banks, mutual insurance companies, and rural electric and telephone cooperatives) to: (1) elect to treat as ordinary income or loss any gain or loss from the sale or other disposition of any asset used by the organization to facilitate the conduct of business done with or for patrons; and (2) include such gain or loss in net earnings of the organization from business done with or for patrons.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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