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United States · Bill · HR

H.R. 3488 (97th)

A bill to amend a provision of the Internal Revenue Code dealing with involuntary conversions of broadcast property.

referredUnited States· United States Congress· EN

Introduced

7 May 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to permit the reinvestment of proceeds from the sale or exchange of a radio or television broadcasting station required to effectuate policies of the Federal Communications Commission (FCC) in a newspaper without the loss of preferential tax treatment (i.e. nonrecognition of the gain from such sale or exchange as an involuntary conversion).

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Documents

1 official file

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Sources

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