,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #badg  ,,in ,,the ,,house ,,of  
,,representatives  ,april #i1 #bjai,ms4 
,sewell of ,alabama 7for herself and    
,mr4 ,smith of ,nebraska7 introduced the
 following bill2 which was referred to  
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to modify the definition
 of income for purposes of determining  
the tax-exempt status of certain mutual 
or cooperative telephone or electric    
companies4  #a4 ,short title ,this ,act 
may be cited as the ,revitalizing       
,underdeveloped ,rural ,areas and ,lands
 ,act of #bjai or as the ,,rural ,act of
 #bjai4  #b4 ,modification of income for
 purposes of determining tax-exempt     
status of certain mutual or cooperative 
telephone or electric companies  7a7 ,in
 general ,section #eja7;c77#ab7 of the  
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new subparagraph3  7,j7 ,in   
the case of a mutual or cooperative     

telephone or electric company described 
in this paragraph1 subparagraph 7,a7    
shall be applied without taking into    
account any income received or accrued  
from--  7i7 any grant1 contribution1 or 
assistance provided pursuant to the     
,robert ,t4 ,stafford ,disaster ,relief 
and ,emergency ,assistance ,act or any  
similar grant1 contribution1 or         
assistance by any local1 ,state1 or     
regional governmental entity for the    
purpose of relief1 recovery1 or         
restoration from1 or preparation for1 a 
disaster or emergency1 or  7ii7 any     
grant or contribution by any            
governmental entity 7other than a       
contribution in aid of construction or  
any other contribution as a customer or 
potential customer7 the purpose of which
 is substantially related to providing1 
constructing1 restoring1 or relocating  
electric1 communication1 broadband1     
internet1 or other utility facilities or
 services4  4  7b7 ,effective date ,the 
amendment made by this section shall    

apply to taxable years beginning after  
,december #ca1 #bjag4