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HR 668 108th Congress House

Cultural Radio Tax Credit Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to allow credits against income tax for an owner of a radio broadcasting station which donates the license and other… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to allow credits against income tax for an owner of a radio broadcasting station which donates the license and other assets of such station to a nonprofit corporation for purposes of supporting nonprofit fine arts and performing arts organizations, and for other purposes.

Introduced: June 23, 2003 See on congress.gov
Taxation ArtsArts, Culture, ReligionBank accountsCharitable contributions
More subjectsShow fewer subjects
CommerceFinance and Financial SectorIncome taxLawLicensesNonprofit organizationsPerforming artsRadio broadcastingRadio spectrum allocationRadio stationsScience, Technology, CommunicationsSocial WelfareSurety and fidelityTax creditsTax-exempt organizations
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action February 11, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
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.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Davis, Danny K.
Illinois · Jul 24, 2003
 I
Sanders, Bernard
Vermont · Jun 23, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 668: Cultural Radio Tax Credit Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-668/
MLA
"H.R. 668: Cultural Radio Tax Credit Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-668/.
Bluebook (legal)
H.R. 668, 108th Cong. (2026), https://openamerica.io/bill/108-HR-668/.
Markdown link
[H.R. 668: Cultural Radio Tax Credit Act of 2003](https://openamerica.io/bill/108-HR-668/)
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