H.R. 3044 — A bill to amend the Internal Revenue Code of 1986 to treat rural electric or telephone cooperatives in the same manner as other cooperatives for purposes of the book income preference under the minimum tax.

Summary

Amends the Internal Revenue Code to allow rural telephone and electric cooperatives to exclude allocations in the nature of patronage dividends when determining net book income for purposes of the minimum tax.

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Related Legislation

S. 1622A bill to amend the Internal Revenue Code of 1986 to treat rural electric or telephone cooperatives in the same manner as other cooperatives for purposes of the book income preference under the minimum tax.
1987-08-07Read twice and referred to the Committee on Finance.
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Legislative Actions

1987-07-29
Introduced in House
1987-07-29
Introduced in House
1987-07-29
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1986 to treat rural electric or telephone cooperatives in the same manner as other cooperatives for purposes of the book income preference under the minimum tax.

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