S. 785 — A bill to amend the Internal Revenue Code of 1986 to allow the payment of dividends on the stock of cooperatives without reducing patronage dividends.

Summary

Amends the Internal Revenue Code to provide that the patronage dividends of cooperatives shall not be reduced by stock dividends to the extent the stock dividends are in addition to amounts otherwise payable.

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Legislative Actions

2003-04-03
Introduced in Senate
2003-04-03
Sponsor introductory remarks on measure. (CR S4836-4837)
2003-04-03
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837)

A bill to amend the Internal Revenue Code of 1986 to allow the payment of dividends on the stock of cooperatives without reducing patronage dividends.

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Subjects

Summary

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Legislative Actions

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