Summary: H.R.12396 — 95th Congress (1977-1978)All Information (Except Text)

There is one summary for H.R.12396. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/26/1978)

Independent Local Newspaper Act - Amends the Internal Revenue Code to promote the survival of independent newspapers by providing for the establishment of tax exempt trusts for paying estate taxes on such papers, and by postponing the payment of estate taxes on such papers.