Bipartisan Push To Make Broadband Grants Tax Exempt Moves Forward
A bipartisan coalition of lawmakers continues to make slow but steady progress on legislation that would make federal broadband grants tax exempt, providing significant relief for big and small companies alike trying to bridge America’s stubborn digital divide. Telecom industry watchers have been warning for years that upwards of 21 percent of new grants would need to be paid back to the United States government in the form of taxation, complicating project financing and scale.
