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- H.R.668
H.R.668: Cultural Radio Tax Credit Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Feb. 11, 2003
- Latest Major Action Feb. 11, 2003
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (5 Democrats, 1 Independent Democrat, 1 Republican)
Bill Summary
Cultural Radio Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow income tax credits to the owner of a commercial radio station donating the station's license and other assets (a 125 percent credit for the license and a 100 percent credit for the assets) to a tax-exempt organization which agrees to operate the radio broadcasting station being donated to it as a for-profit venture, with profits dedicated to the support of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Feb. 11, 2003 |
Introduced in the House by Robert E. Andrews (D-N.J.) |