S 1580 · 101th Congress · Taxation

A bill providing for safe harbor leases involving rural electric cooperatives.

Introduced 1989-08-04· Sponsored by Sen. Boren, David L. [D-OK]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1989-08-04)

Plain Language Summary

[AI summary unavailable — showing source text] Requires interest income from certain qualified leased property transactions of rural electric cooperatives to be offset by rental expenses of such transactions before allocating income or expense to members and nonmembers of such cooperatives for purposes of the accelerated cost recovery system of the Internal Revenue Code.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat