A bill to amend section 1071 of the Internal Revenue Code of 1986 to extend the nonrecognition of gain to certain sales which effectuate or implement the policies of the Federal Communications Commission.

Summary

Amends the Internal Revenue Code to provide for a deferral of taxable gains from the sale of property (including stock) used in an activity licensed or regulated by the Federal Communications Commission if, within 12 months after the sale, the taxpayer acquired property that the Commission certifies to be necessary or appropriate to implement a Commission policy.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 September 1990

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 18 September 1990

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 18 September 1990

  Open at official source

Sponsors

• Rep. Dodd, Christopher J. [D-CT-2] · D · Sponsor
• Sen. Lieberman, Joseph I. [D-CT] · D · Sponsor
• Sen. Mack, Connie, III [R-FL] · R · Cosponsor
• · ssfi00 · Standing

Related records

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