Senate Bill 1032
116th Congress(2019-2020)
Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act
Introduced
Introduced in Senate on Apr 4, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1032
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act
This bill modifies the definition of income used to determine the tax-exempt status of a mutual or cooperative telephone or electric company to exclude certain government grants, contributions, and assistance.
Specifically, the bill excludes from income (1) grants, contributions, and assistance provided under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or by local, state, or regional governmental entities for disasters or emergencies; and (2) certain grants or contributions provided by a government entity for electric, communications, broadband, internet, or other utility facilities or services.
April 4, 2019
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04/04/2019
Read twice and referred to the Committee on Finance.
04/04/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 7:02:19 PM