H.R. 1193 — 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 exclude allocations in the nature of patronage dividends when determining net book income of rural telephone and electric cooperatives for purposes of the minimum tax.

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Related Legislation

S. 988A 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.
1989-05-12Read twice and referred to the Committee on Finance.
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Legislative Actions

1989-03-01
Introduced in House
1989-03-01
Introduced in House
1989-03-01
Referred to the House Committee on Ways and Means.

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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