arrow_back Back to App

Tax Exemption for Broadband Grants

New rules exempt grants for high-speed internet development from income tax. This aims to encourage investment in broadband infrastructure, potentially leading to better internet access for more citizens, especially in rural areas. Companies and organizations receiving these grants will not have to pay tax on them, allowing them to allocate more funds directly to projects.
Key points
Grants for broadband deployment will not be included in taxable income.
The provisions cover grants from various federal and state programs, including those from the Infrastructure Investment and Jobs Act.
Entities benefiting from the exemption cannot claim deductions for expenses covered by these tax-exempt grants, preventing double benefits.
The changes apply to amounts received in tax years ending after March 11, 2021.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5021
Sponsor: Sen. Warner, Mark R. [D-VA]
Process start date: 2022-09-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Broadband Grant Tax Treatment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5021.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-09-29.

What are the main provisions?

Key points include:

  • Grants for broadband deployment will not be included in taxable income.
  • The provisions cover grants from various federal and state programs, including those from the Infrastructure Investment and Jobs Act.
  • Entities benefiting from the exemption cannot claim deductions for expenses covered by these tax-exempt grants, preventing double benefits.
  • The changes apply to amounts received in tax years ending after March 11, 2021.
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. Warner, Mark R. [D-VA].

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

Taxes Public Investments Informatization