H. R. 2147, RURAL Act of 2019.

Summary: To amend the Internal Revenue Code of 1986 to modify the definition of income for purposes of determining the tax-exempt status of certain mutual or cooperative telephone or electric companies. Cosponsors (Bipartisan)

 

 

ANGIE CRAIG’S POSITION:  Representative Craig cosponsored the bill on 7/18/19.

STATUS: Introduced 4/9/19 by Rep. Sewell, Terri A. [D-AL-7]. 

INFORMATION RELATED TO THE BILL:

  • “Our rural communities depend on reliable infrastructure, access to broadband and secure energy sources for their local economies to thrive,” Rep. Terri Sewell said. “Alabama’s rural electric co-ops provide essential broadband services in rural areas where high-speed internet is limited but essential to those areas’ economic growth. We must do more to provide high-speed internet – and the opportunities and resources that it brings – to the 22.4 million Americans living in rural parts of our country without quality internet access. The RURAL Act would ensure that these co-ops can retain their tax-exempt status when applying for grants to expand rural broadband or disaster assistance and provide these co-ops with the ability to secure the grants needed to continue to grow their renewable energy, economic development and energy efficiency initiatives.” (Source: Rep. Sewell, Press Release, 4/15/19)

ADDITIONAL DETAIL:

  • Link to the text of the bill.
  • Link to bill information (support and opposition) on Countable.

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