Summary: S.879 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for S.879. Bill summaries are authored by CRS.

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Introduced in Senate (04/23/1991)

Amends the Internal Revenue Code with respect to the tax-exempt status of a cooperative telephone company to provide for the tax treatment of income received from a nonmember telephone company for services by the cooperative which are indirectly paid for by members of the cooperative. Includes billing and collection services for a nonmember telephone company under such treatment.