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Faster Rural Internet: Tax Breaks for Broadband Development

This act aims to accelerate high-speed internet access in rural areas. It introduces tax exemptions and investment credits for companies and local governments building broadband infrastructure, which is expected to improve the quality of life and development opportunities for residents in these regions.
Key points
New tax exemptions for bonds used for rural broadband projects.
Tax credit payments to issuers of bonds financing internet infrastructure.
A 10% investment credit for qualified broadband projects, supporting the construction of gigabit-capable networks.
Projects must provide at least 25/3 Mbps internet access, ultimately aiming for gigabit speeds, in areas previously unserved or underserved.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_S_1676
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2021-05-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Rural Broadband Financing Flexibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1676.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-18.

What are the main provisions?

Key points include:

  • New tax exemptions for bonds used for rural broadband projects.
  • Tax credit payments to issuers of bonds financing internet infrastructure.
  • A 10% investment credit for qualified broadband projects, supporting the construction of gigabit-capable networks.
  • Projects must provide at least 25/3 Mbps internet access, ultimately aiming for gigabit speeds, in areas previously unserved or underserved.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hassan, Margaret Wood [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Public Investments Taxes Informatization