H.R.2147 - RURAL Act of 2019116th Congress (2019-2020)
|Sponsor:||Rep. Sewell, Terri A. [D-AL-7] (Introduced 04/09/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 04/09/2019 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2147 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (04/09/2019)
Revitalizing Underdeveloped Rural Areas and Lands Act of 2019 or the RURAL Act of 2019
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.