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S. 785

BillFederalSenateIn Committee
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.
About This Bill
Committee
Latest Action · April 3, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4837)
Congress
108th (2003–2005)
Introduced
April 3, 2003
Cosponsors (16)
7D 9R
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Summary

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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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