Tax Exemption for Broadband Grants
This new law aims to exclude certain broadband grants from taxable income. This means that companies and organizations receiving funds to build internet infrastructure will not have to pay taxes on these grants, potentially accelerating the deployment of high-speed internet in many areas.
Key points
Grants for broadband deployment will not be considered taxable income.
The change is intended to encourage investment in internet infrastructure, potentially improving internet access for citizens, especially in rural areas.
The act prevents double tax benefits, meaning expenses covered by tax-exempt grants cannot be deducted.
Introduced
Citizen Poll