Bill > S5021

This bill aims to amend the Internal Revenue Code of 1986 to exclude certain broadband grants from gross income. Specifically, it would exclude from taxable income grants received under various federal broadband infrastructure programs, including the Broadband Equity, Access, and Deployment Program, the State Digital Equity Capacity Grant Program, the Digital Equity Competitive Grant Program, and the middle mile grants program. The bill also covers grants received from state, territorial, tribal, or local governments that were funded by COVID-19 relief funds and used for broadband infrastructure investments. This legislation is intended to incentivize and support the deployment of broadband services across the United States.