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S 674119th CongressIntroduced
Broadband Grant Tax Treatment Act
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Broadband Grant Tax Treatment Act (S.674) exempts qualified broadband grants from gross income, disallows related deductions, and defines the types of grants and effective dates.
Key Points
- 1Qualifies certain broadband grants as non‑income for recipients.
- 2Disallows deductions or credits for expenditures related to those grants.
- 3Defines qualified broadband grants (e.g., federal infrastructure programs).
- 4Sets effective date for application to taxable years after March 11, 2021.
- 5Requires reporting to Congress on implementation.
Impact Areas
Broadband grant recipients (federal agencies, state programs).Taxpayers receiving or providing broadband grants.IRS and tax policy enforcement.
Generated by openai/gpt-oss-20b:free on Nov 19, 2025