3.0.0 2604 2023-01-15T16:33:40Z 2023-01-15T16:33:40Z House H HR 2003-06-25 108 hssm00 Small Business Committee House Standing Referred to 2003-06-25T13:54:25Z hswm00 Ways and Means Committee House Standing Referred to 2003-06-25T13:54:20Z 2003-06-26 Sponsor introductory remarks on measure. (CR E1357) IntroReferral B00100 9 Library of Congress 2003-06-25 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2003-06-25 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2003-06-25 Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2003-06-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-06-25 Introduced in House IntroReferral 1000 9 Library of Congress R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 N F000238 Rep. Foley, Mark [R-FL-16] MARK FOLEY R FL 16 2003-11-20 False Taxation Capital gains tax Commerce Corporate divestiture Economics and Public Finance Federally-guaranteed loans Fees Finance and Financial Sector Forfeiture Income tax Law Licenses Liens Loan defaults Mortgages Radio stations Science, Technology, Communications Small business Tax deferral Tax exclusion Telecommunication industry Television stations Taxation 00 2003-06-25 Introduced in House 2003-09-05T14:09:31Z Amends the Internal Revenue Code to treat as an involuntary conversion, and to not recognize gain of up to $75 million, qualified communications sales. Limits such sales to, among other limitations, businesses owning a qualified interest in 20 or fewer broadcast stations and with specified asset limitations.

Authorizes Small Business Administration loan guarantees for such sales.

]]> To amend the Internal Revenue Code of 1986 to provide tax incentives to encourage diversity of ownership of telecommunications businesses, and for other purposes. Display Title To amend the Internal Revenue Code of 1986 to provide tax incentives to encourage diversity of ownership of telecommunications businesses, and for other purposes. Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide tax incentives to encourage diversity of ownership of telecommunications businesses, and for other purposes. Introduced in House IH Introduced in House 2003-06-25T04:00:00Z 2003-06-26 Sponsor introductory remarks on measure. (CR E1357) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.