United States · Bill · S
S. 2987 (98th)
Minority Telecommunications Ownership Tax Act of 1984
Introduced
12 September 1984
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Minority Telecommunications Ownership Tax Act of 1984 - Amends the Internal Revenue Code to increase the dollar limitation on used property eligible for the investment tax credit from $150,000 to $5,000,000 for property certified by the Federal Communications Commission (FCC) as necessary or appropriate to effectuate an FCC policy with respect to the ownership and control of systems of communication by wire or radio. Extends to non-broadcast communications systems the nonrecognition of gain on FCC-certified sales and exchanges.
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Documents
1 official file
Introduced in Senate
summary · EN · 12 September 1984
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2987
- Open data entity: https://api.congress.gov/v3/bill/98/s/2987