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

Summary

Amends the Internal Revenue Code, with respect to gains from a sale or exchange to effectuate policies of the Federal Communications Commission (FCC), to treat as an involuntary conversion, on which gain shall not be recognized, the purchase of a television broadcasting station or a newspaper with proceeds from the sale of a radio or television broadcast station which has been forced by the FCC.

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Timeline

1. 30 September 1980

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 30 September 1980

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 30 September 1980

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · ssfi00 · Standing

Related records

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