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S. 1032 · 116th Congress

Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act

What it does: CRS summary · 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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act

Latest action (Apr 4, 2019): Read twice and referred to the Committee on Finance.

Policy area: Taxation · Origin: Senate · Introduced: Apr 4, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.