S. 785 · 108th Congress
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.
- Stage
- In committee
- Sponsor
- Max Baucus
- Introduced
- 2003-04-03
- Latest action
- 2003-04-03 · Introduced in Senate
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.