A bill to amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain cooperative housing corporations, and for other purposes.

Amends the Internal Revenue Code to exclude cooperative housing corporations from the limitations on deductions incurred by certain membership organizations in transactions with their members.

Prohibits patronage losses of an organization from being used to offset earnings which are not patronage earnings. Specifies earnings to be treated as patronage earnings in the case of cooperative housing corporations.