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.

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

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

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

No summaries available.

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

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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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.

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

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No summary available.

House Democratic Caucus Summary

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