US Legislation introduced to reduce taxation on broadband grants

Broadband Breakfast reports

Sen. Jerry Moran, R-Kan., wants to stretch the broadband dollar as far as possible.

Moran – likely with bipartisan support in the Senate and House – was renewing his effort to pass a bill to ensure that broadband grants from the Infrastructure Investment and Jobs Act and the American Rescue Plan will not be subject to federal taxation.

Moran and Mark Warner, D-Va., alongside Reps. Jimmy Panetta, D-Calif., and Mike Kelly, R-Penn., last Congress introduced the Broadband Grant Tax Treatment Act, legislation that would amend the Internal Revenue Code to exempt broadband deployment grants from the 21% federal corporate income tax.

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About Ann Treacy

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

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