Part IV--Extension of Exemption from Alternative Minimum Tax Treatment for Certain Tax-Exempt Bonds
Sec. 260. Extension of Exemption from Alternative Minimum Tax Treatment for Certain Tax-Exempt Bonds
The exemption was to be extended to January 1, 2013.
(c) Effective Date- The amendments made by this section shall apply to obligations issued after December 31, 2010.
Subtitle G – Project Rebuild
Sec. 261. Project Rebuild
Straight forward and simple; maintain the integrity of neighborhood effected by high rates of foreclosure.
(a) Direct Appropriations.— There is appropriated, out of any money in the Treasury not otherwise appropriated, $15,000,000,000, to remain available until September 30, 2014, for assistance to eligible entities including States and units of general local government (as such terms are defined in section 102 of the Housing and Community Development Act of 1974 (42 U.S.C. 5302)), and qualified nonprofit organizations, businesses or consortia of eligible entities for the redevelopment of abandoned and foreclosed-upon properties and for the stabilization of affected neighborhoods.
Subtitle H – National Wireless Initiative
Sec. 271. Definitions
Self explanatory.
Part I – Auctions of Spectrum and Spectrum Management
The Obama Administration wanted to auction some of the band the government owns.
Sec. 272. Clarification of Authorities to Repurpose Federal Spectrum for Commercial Purposes
“(3) DEFINITION OF RELOCATION AND SHARING COSTS.--For purposes of this subsection, the terms “relocation costs” and “sharing costs” mean the costs incurred by a Federal entity to plan for a potential or planned auction or sharing of spectrum frequencies and to achieve comparable capability of systems...
Sec. 273. Incentive Auction Authority
More of the same 'clarifying' language to achieve the same purpose.
“(F) Notwithstanding any other provision of law, if the Commission determines that it is consistent with the public interest in utilization of the spectrum for a licensee to voluntarily relinquish some or all of its licensed spectrum usage rights in order to permit the assignment of new initial licenses through a competitive bidding process subject to new service rules, or the designation of spectrum for unlicensed use, the Commission may pay to such licensee a portion of any auction proceeds that the Commission determines, in its discretion, are attributable to the spectrum usage rights voluntarily relinquished by such licensee....
Sec. 274. Requirements When Repurposing Mobile Satellite Services Spectrum for Terrestrial Broadband Use
To the extent that the Commission makes available terrestrial broadband rights on spectrum primarily licensed for mobile satellite services, the Commission shall recover a significant portion of the value of such right either through the authority provided in section 309(j) of the Communications Act of 1934 (47 U.S.C. 309(j)) or by section 278 of this subtitle.
That is the entire provision.
Sec. 275. Permanent Extension of Auction Authority
Section 309(j)11 of the Communications Act of 1934 (47 U.S.C. 309 (j)(11)) is repealed.
Section 309(j)11 of the Communications Act of 1934
(11) Termination
The authority of the Commission to grant a license or permit under this subsection shall expire September 30, 2022.
Sec. 276. Authority to Auction Licenses for Domestic Satellite Services
“(17) Notwithstanding any other provision of law, the Commission shall use competitive bidding under this subsection to assign any license, construction permit, reservation, or similar authorization or modification thereof, that may be used solely or predominantly for domestic satellite communications services, including satellite-based television or radio services....
Questions?
Sec. 277. Directed Auction of Certain Spectrum
(a) IDENTIFICATION OF SPECTRUM.—Not later than 1 year after the date of enactment of this subtitle, the Assistant Secretary shall identify and make available for immediate reallocation, at a minimum, 15 megahertz of contiguous spectrum at frequencies located between 1675 megahertz and 1710 megahertz, inclusive, minus the geographic exclusion zones, or any amendment thereof, identified in NTIA’s October 2010 report entitled ‘‘An Assessment of Near-Term Viability of Accommodating Wireless Broadband Systems in 1675–1710 MHz, 1755–1780 MHz, 3500–3650 MHz, and 4200–4220 MHz, 4380–4400 MHz Bands,’’ to be made available for reallocation or sharing with incumbent Government operations....
Yep. I've heard this all before. You?
Sec. 278. Authority to Establish Spectrum License User Fees
Section 309 of the Communications Act of 1934 is amended by adding the following new subsection at the end thereof:
“(m) USE OF SPECTRUM LICENSE USER FEES. – For initial licenses or construction permits that are not granted through the use of competitive bidding as set forth in subsection (j), and for renewals or modifications of initial licenses or other authorizations, whether granted through competitive bidding or not, the Commission may, where warranted, establish, assess, and collect annual user fees on holders of spectrum licenses or construction permits, including their successors or assignees, in order to promote efficient and effective use of the electromagnetic spectrum.
“(1) REQUIRED COLLECTIONS. –the Commission shall collect at least the following amounts
(A)$200,000,000 in fiscal year 2012;
(B) $300,000,000 in fiscal year 2013;
(C) $425,000,000 in fiscal year 2014;
(D) $550,000,000 in fiscal year 2015;
(E) $550,000,000 in fiscal year 2016;
(F) $550,000,000 in fiscal year 2017;
(G) $550,000,000 in fiscal year 2018;
(H) $550,000,000 in fiscal year 2019;
(I) $550,000,000 in fiscal year 2020; and
(J) $550,000,000 in fiscal year 2021.”
“(2) DEVELOPMENT OF SPECTRUM FEE
Oh, wait, the Republicans top priority is to make President Obama a one term President. That's right. No matter the lie, no matter the cost, no matter how much the American people scream OUCH! I remember now. How silly of me to even consider this important.
Until later.
