legislation: 102-hr-5650
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| 102-hr-5650 | 102 | hr | 5650 | To amend the Internal Revenue Code of 1986 to allow non-exempt farmer cooperatives to elect patronage-sourced treatment for certain gains and losses, and for other purposes. | Taxation | 1992-07-22 | 1992-10-05 | See H.R.11. | House | Sen. Dorgan, Byron L. [D-ND-None] | ND | D | D000432 | 1 | Amends the Internal Revenue Code to allow farmers' cooperatives to elect to treat as ordinary income or loss certain capital gains and losses from the disposition of assets used in conducting business with or for patrons. Decreases from five years to four years the maturity date for high yield discount obligations for purposes of determining the deduction for interest on indebtedness. Requires any interest received by a limited equity housing corporation on reasonable reserves (including reserves required by a government agency or lender) to be treated as income derived by such corporation from transactions with members. | 2025-01-03T20:55:56Z |