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.
Disaster relief and insuranceElectric power generation and transmissionEmergency planning and evacuationInternet and video servicesInternet, web applications, social mediaPublic utilities and utility ratesRural conditions and developmentTax-exempt organizationsTelephone and wireless communication
Revitalizing Underdeveloped Rural Areas and Lands (RURAL) Act
USA116th CongressS-1032| Senate
| Updated: 4/4/2019
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.
Disaster relief and insuranceElectric power generation and transmissionEmergency planning and evacuationInternet and video servicesInternet, web applications, social mediaPublic utilities and utility ratesRural conditions and developmentTax-exempt organizationsTelephone and wireless communication