Search Results: keywords:"broadband grants"

  • H. R. 1873 — To amend the Internal Revenue Code of 1986 to exclude certain broadband grants from gross income.
    Status:Introduced in House
    Words:716

    The bill H. R. 1873, titled the “Broadband Grant Tax Treatment Act,” aims to change the Internal Revenue Code of 1986 so that certain grants used for broadband deployment are not counted as part of gross income. This means that recipients of these specific broadband grants...

    Simple Explanation

    The bill wants to make sure that when people or companies get certain money from the government to help build internet connections, they don't have to pay extra taxes on it. But they also can't use that money to get extra tax benefits or make extra money claims.

  • S. 674 — To amend the Internal Revenue Code of 1986 to exclude certain broadband grants from gross income.
    Status:Introduced in Senate
    Words:757

    S. 674 proposes changes to the Internal Revenue Code of 1986 to exclude certain grants for broadband deployment from being counted as gross income, effectively making them non-taxable. The bill outlines specific types of grants, such as those from federal and state broadband...

    Simple Explanation

    S. 674 is a proposed bill that wants to make sure that some special money given for building better internet connections isn't taxed, so companies don't have to pay more taxes when they use that money to make the internet better. But, it also means those companies can't claim extra tax savings for spending that money on their projects.