Telecommunications Ownership Diversification Act of 2000

Summary

Telecommunications Ownership Diversification Act of 2000 - Amends the Internal Revenue Code (IRC) to provide for the nonrecognition of certain gain on the sale of telecommunications businesses meeting certain requirements, including requirements concerning minority ownership. Allows a limited credit for a taxpayer that at all times during that taxable year: (1) is a local exchange carrier; (2) is not a Bell operating company; and (3) is headquartered in an area designated as an empowerment zone. Requires biennial audits and reports by the Comptroller General relating to the IRC amendments made by this Act.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 October 2000

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 October 2000

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• Introduced in Senate

  summary · EN · 25 October 2000

  Open at official source

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