US SB1032 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 37-17-3)
Status: Introduced on April 4 2019 - 25% progression, died in committee
Action: 2019-04-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 4 2019 - 25% progression, died in committee
Action: 2019-04-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-04-04 | Senate | Read 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
Disaster relief and insurance
Electric power generation and transmission
Emergency planning and evacuation
Internet and video services
Public utilities and utility rates
Rural conditions and development
Tax-exempt organizations
Taxation
Telephone and wireless communication
Electric power generation and transmission
Emergency planning and evacuation
Internet and video services
Public utilities and utility rates
Rural conditions and development
Tax-exempt organizations
Taxation
Telephone and wireless communication
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1032/all-info |
Text | https://www.congress.gov/116/bills/s1032/BILLS-116s1032is.pdf |