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- S.401
S.401: A bill to improve the control of outdoor advertising in areas adjacent to the Interstate System, the National Highway System, and certain other federally assisted highways, and for other purposes.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced March 5, 1997
- Latest Major Action March 5, 1997
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to: (1) impose a tax equal to 15 percent of the gross income received from the lease of any taxable outdoor advertising display; and (2) establish in the Treasury the Outdoor Advertising Program Trust Fund into which the revenues collected from the imposition of such tax shall be deposited. Amends Federal aid highway law to repeal a provision which allows outdoor advertising to be placed within a certain...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| March 5, 1997 |
Introduced in the Senate by James M. Jeffords (I-Vt.) |