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- H.R.1473
H.R.1473: Telecommunications Ownership Diversification Act of 2005
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced April 5, 2005
- Latest Major Action April 5, 2005
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Telecommunications Ownership Diversification Act of 2005 - Amends the Internal Revenue Code to allow a taxpayer election to exclude from gross income a portion of the gain from the sale of the assets of a telecommunications business to an eligible purchaser. Defines "eligible purchaser" as: (1) any economically and socially disadvantaged business as designated by the Secretary of the Treasury using specified criteria; or (2) a corporation or...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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April 5, 2005 |
Introduced in the House by Bobby L. Rush (D-Ill.) |