HR 7845 · 95th Congress · Income tax
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.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1977-06-16)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (19)
8 Democrats11 Republicans