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- H.R.2977
H.R.2977: CAN Act
About This Bill
- Introduced May 4, 2021
- Latest Major Action May 4, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - May 4, 2021
Bill Summary
Connect America Now Act or the CAN Act This bill allows an exclusion from gross income, for income tax purposes, of gain from the sale or exchange of the entire interest in a wholly-owned rural incumbent local exchange carrier. A rural incumbent local exchange carrier is a carrier that serves (1) an area where it was required to provide communications services by a specified date to any customer regardless of cost, and (2) an area other than...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 4, 2021 |
Referred to the House Committee on Ways and Means.
|
| May 4, 2021 |
Introduced in the House by A. Drew Ferguson (R-Ga.) |