3.0.0 1676 2023-01-11T13:50:11Z 2023-01-11T13:50:11Z Senate S 2021-05-18 117 ssfi00 Finance Committee Senate Standing Referred to 2021-05-18T20:13:09Z 2021-05-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-05-18 Introduced in Senate IntroReferral 10000 9 Library of Congress H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH N C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2021-05-18 True Taxation Business investment and capital Income tax credits Income tax exclusion Interest, dividends, interest rates Internet and video services Internet, web applications, social media Rural conditions and development Securities Taxation 00 2021-05-18 Introduced in Senate 2021-06-29T13:15:02Z Rural Broadband Financing Flexibility Act

This bill provides tax incentives for investment in broadband, particularly in rural areas.

Specifically, the bill allows

  • issuance of private activity bonds for financing qualified broadband projects,
  • issuers of broadband infrastructure bonds a credit for interest payments under such bonds, and
  • a 10% investment tax credit for qualified broadband projects.

The bill defines qualified broadband project as any project that (1) is designed to provide broadband service solely to one or more areas that are rural areas and in which more than 50% of residential households do not have access to fixed, terrestrial broadband service that delivers at least 25 megabits per second downstream and at least 3 megabits service upstream, and (2) results in gigabit capable internet access to certain residential and commercial locations.

]]> Rural Broadband Financing Flexibility Act Display Title Rural Broadband Financing Flexibility Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow tax-exempt private activity bonds to be used for qualified broadband projects, to provide for tax credit payments to issuers of tax-exempt bonds used to finance broadband infrastructure projects, and to provide an investment credit for qualified broadband projects. Introduced in Senate IS Short Title(s) as Introduced Rural Broadband Financing Flexibility Act Introduced in Senate IS Introduced in Senate 2021-05-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1676is/xml/BILLS-117s1676is.xml 2021-05-18 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.