Rural Broadband Investment Tax Credit Act This bill allows a new tax credit for up to 10% of investment in qualifying broadband projects, subject to specified limitations. The bill includes in the definition of qualifying broadband project any project that is designed solely to provide broadband service to one or more rural areas in which more than 50% of households lack access to adequate broadband service.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Business investment and capitalIncome tax creditsInternet and video servicesInternet, web applications, social mediaRural conditions and development
Rural Broadband Investment Tax Credit Act
USA116th CongressS-2867| Senate
| Updated: 11/14/2019
Rural Broadband Investment Tax Credit Act This bill allows a new tax credit for up to 10% of investment in qualifying broadband projects, subject to specified limitations. The bill includes in the definition of qualifying broadband project any project that is designed solely to provide broadband service to one or more rural areas in which more than 50% of households lack access to adequate broadband service.