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

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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Timeline

1. 19 February 1981

   Committee

   Subcommittee on Energy and Agricultural Taxation took the following actions.

   Source: Committee

2. 19 February 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

3. 19 February 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 23 February 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

5. 27 March 1981

   Committee

   Subcommittee on Energy and Agricultural Taxation. Hearings held.

   Source: Committee

6. 30 March 1981

   Committee

   Subcommittee on Taxation and Debt Management. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 19 February 1981

  Open at official source

Sponsors

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

Related records

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