HR 2331
98th Congress
House
Taxation
Capital gains tax
Communications and Broadcasting
Income tax
Investment tax credit
Radio broadcasting
Tax credits
Telecommunication policy
Minority Telecommunications Ownership Tax Act of 1983
Introduced: March 24, 1983
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 24, 1983
Referred to House Committee on Ways and Means.
Mar 24, 1983
Introduced in House
Plain-English summary
Minority Telecommunications Ownership Tax Act of 1983 - Amends the Internal Revenue Code to increase the investment tax credit for the purchase of used telecommunications property pursuant to a Federal Communications Commission tax certificate. Defines "FCC tax certificate" as any certificate granted by the Federal Communications Commission which provides that the purchase of the property is necessary or appropriate to effectuate an FCC policy with respect to the ownership and control of systems of communication by wire or radio.
Extends the nonrecognition of gain for FCC-certified sales or exchanges of radio broadcasting stations to systems of communications by wire or radio.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1