H.R. 7845 — A bill to amend the Internal Revenue Code of 1954 to equalize the treatment of charitable contributions and investment tax credits for certain cooperatives and their members.

Summary

Amends the Internal Revenue Code to increase the limitations on charitable deductions and investment tax credits taken by cooperative corporations. Allows cooperatives to allocate their investment tax credits among their patrons.

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Related Legislation

H.R. 5657A bill to amend the Internal Revenue Code of 1954 to equalize the treatment of charitable contributions and investment tax credits for certain cooperatives and their members.
1977-03-28Referred to House Committee on Ways and Means.
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Legislative Actions

1977-06-16
Introduced in House
1977-06-16
Introduced in House
1977-06-16
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to equalize the treatment of charitable contributions and investment tax credits for certain cooperatives and their members.

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