Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 4, 2019)
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.
What just happenedApr 4, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateApr 4, 2019
- Apr 4, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 4, 2019IntroReferral10000
Introduced in Senate