HR 668
108th Congress
House
Taxation
Arts
Arts, Culture, Religion
Bank accounts
Charitable contributions
Commerce
Finance and Financial Sector
Income tax
Law
Licenses
Nonprofit organizations
Performing arts
Radio broadcasting
Radio spectrum allocation
Radio stations
Science, Technology, Communications
Social Welfare
Surety and fidelity
Tax credits
Tax-exempt organizations
Cultural Radio Tax Credit Act of 2003
Introduced: February 11, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2003
Referred to the House Committee on Ways and Means.
Feb 11, 2003
Introduced in House
Plain-English summary
Cultural Radio Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow income tax credits to the owner of a commercial radio station donating the station's license and other assets (a 125 percent credit for the license and a 100 percent credit for the assets) to a tax-exempt organization which agrees to operate the radio broadcasting station being donated to it as a for-profit venture, with profits dedicated to the support of non-profit fine arts and performing arts organizations in its service area.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1