3.0.0 3003 2023-01-11T21:19:40Z 2023-01-11T21:19:40Z House H HR 2007-07-11 110 hssm00 Small Business Committee House Standing Referred to 2007-07-11T14:01:25Z hswm00 Ways and Means Committee House Standing Referred to 2007-07-11T14:01:20Z Telecommunications Ownership Diversification Act of 2007 110 600 HR 2007-01-22 Referred to the House Committee on Ways and Means. Related bill CRS A bill to amend the Internal Revenue Code of 1986 to defer the tax on the gain on the sale of certain telecommunications and media businesses, and for other purposes. 110 3446 S 2008-08-01 Read twice and referred to the Committee on Finance. Related bill CRS 2007-07-11 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 2007-07-11 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 2007-07-11 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 2007-07-11 Sponsor introductory remarks on measure. (CR E1488) IntroReferral B00100 9 Library of Congress 2007-07-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-07-11 Introduced in House IntroReferral 1000 9 Library of Congress R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 N Science, Technology, Communications Administrative fees Capital gains tax Commerce Economics and Public Finance Federally-guaranteed loans Income tax Law Radio stations Small business Tax deferral Taxation Telecommunication industry Television stations Science, Technology, Communications 00 2007-07-11 Introduced in House 2007-08-04T14:49:42Z Amends the Internal Revenue Code to allow a taxpayer election to defer from tax up to $50 million of the gain from the sale of the assets or stock of a telecommunications business to certain small businesses that own 10 or fewer broadcast stations. Limits to three the number of such purchases by any qualifying small business. Requires the recapture of such deferred gain for any telecommunications business resold within five years.

Authorizes the Administrator of the Small Business Administration to guarantee loans made to small businesses for the purchase of a telecommunications business.

]]> 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 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. Introduced in House 2007-07-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3003ih/xml/BILLS-110hr3003ih.xml 2007-07-11 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. 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.