US SB1032 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 37-18-2)
Status: Introduced on April 4 2019 - 25% progression
Action: 2019-04-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act This bill modifies the definition of income used to determine the tax-exempt status of a mutual or cooperative telephone or electric company to exclude certain government grants, contributions, and assistance. Specifically, the bill excludes from income (1) grants, contributions, and assistance provided under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or by local, state, or regional governmental entities for disasters or emergencies; and (2) certain grants or contributions provided by a government entity for electric, communications, broadband, internet, or other utility facilities or services.

Tracking Information

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Title

Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act

Sponsors


History

DateChamberAction
2019-04-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2147 (Related) 2019-04-09 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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