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HR 152 99th 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 1985

Introduced: January 3, 1985 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 1985
Referred to House Committee on Ways and Means.
Jan 3, 1985
Introduced in House
 Plain-English summary Congressional Research Service

Minority Telecommunications Ownership Tax Act of 1985 - 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 January 3, 1985

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1