3.0.0 2866 2022-11-01T05:17:26Z 2022-11-01T05:17:26Z Senate S 2019-11-14 116 ssfi00 Finance Committee Senate Standing Referred to 2019-11-14T20:18:56Z 2019-11-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-11-14 Introduced in Senate IntroReferral 10000 9 Library of Congress C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore N H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2019-11-14 True Taxation Income tax exclusion Interest, dividends, interest rates Internet and video services Internet, web applications, social media Rural conditions and development Securities Taxation 00 2019-11-14 Introduced in Senate 2021-01-15T21:45:26Z Rural Broadband Financial Flexibility Act

This bill allows the use of tax-exempt private activity bonds to finance qualified broadband projects. A qualified broadband project is any project that is designed solely to provide broadband service to one or more rural areas in which more than 50% of residential households do not have access to adequate broadband service. The bill also allows direct payments to issuers of broadband infrastructure bonds for 35% of the interest payable under such bonds.

]]> Rural Broadband Financial Flexibility Act Display Title Rural Broadband Financial Flexibility Act Short Title(s) as Introduced Rural Broadband Financial Flexibility Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow private activity bonds to be used for qualified broadband projects and to provide for tax credit payments to issuers of tax-exempt bonds used to finance broadband infrastructure projects. Introduced in Senate IS Introduced in Senate 2019-11-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2866is/xml/BILLS-116s2866is.xml 2019-11-14 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.