Skip to main content
HR 152 99th Congress House

Minority Telecommunications Ownership Tax Act of 1985

Official title: A bill to amend the Internal Revenue Code of 1954 to increase the investment credit for the purchase of used telecommunications property which effectuates poli… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to increase the investment credit for the purchase of used telecommunications property which effectuates policies of the Federal Communications Commission and to provide that the nonrecognition of gain on FCC-certified sales or exchanges of radio broadcasting stations shall apply to systems of communication by wire or radio.

Introduced: January 3, 1985 See on congress.gov
Taxation Capital gains taxCommunications and BroadcastingIncome taxInvestment tax credit
More subjectsShow fewer subjects
Radio broadcastingTax creditsTelecommunication policy
Sign in to write a letter Sign in to watch
This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Jan 3, 1985
Referred to House Committee on Ways and Means.
Jan 3, 1985
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action January 3, 1985

Referred to House Committee on Ways and Means.

 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.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Markey, Edward J.
Massachusetts · Jan 3, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 152: Minority Telecommunications Ownership Tax Act of 1985. 99th Congress. Open America. https://openamerica.io/bill/99-HR-152/
MLA
"H.R. 152: Minority Telecommunications Ownership Tax Act of 1985." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-152/.
Bluebook (legal)
H.R. 152, 99th Cong. (2026), https://openamerica.io/bill/99-HR-152/.
Markdown link
[H.R. 152: Minority Telecommunications Ownership Tax Act of 1985](https://openamerica.io/bill/99-HR-152/)
Report a problem