NTCA Hails Refiling of Broadband Grant Tax Treatment Act
NTCA on Wednesday praised House Ways and Means Tax Subcommittee Chairman Mike Kelly, R-Pa., and Sen. Jerry Moran, R-Kan., for leading the refiling of the Broadband Grant Tax Treatment Act (HR-1705/S-838) in a bid to amend the Internal Revenue Code…
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to allow broadband grants enacted via the Infrastructure Investment and Jobs Act and American Rescue Plan Act to not count as gross income. Lawmakers bowed the bill in 2022 (see 2209290067). NTCA CEO Shirley Bloomfield hailed reintroduction of “this commonsense legislation to ensure that every dollar granted for broadband deployment is used effectively.” The group’s members “greatly appreciate Congress’s commitment to funding broadband deployment programs,” but “when these funds are taxed, providers are required to pay the federal government a portion of the same award that they received from the federal government, instead of using the funds to serve the hardest-to-reach communities.”