Tax Exemption for Broadband Grants
New rules ensure that grants received for building and expanding high-speed internet will not be counted as taxable income. This means companies and organizations involved in broadband development can allocate more funds to investments, potentially accelerating internet access in many areas.
Key points
Broadband deployment grants will be tax-exempt, reducing project costs.
Companies and organizations will have more funds for network development, potentially improving internet access for citizens.
Changes apply to grants from various federal and state programs, including those from the Infrastructure Investment and Jobs Act.
Introduced
Citizen Poll