Sen. Moran Wants to Shield BEAD Grants from Taxation
Kansas senator hinted at tying broadband tax exemption to reconciliation bill.
Kansas senator hinted at tying broadband tax exemption to reconciliation bill.
WASHINGTON, Feb. 3, 2025 – Sen. Jerry Moran, R-Kan., wants to stretch the broadband dollar as far as possible.
Moran – likely with bipartisan support in the Senate and House – was renewing his effort to pass a bill to ensure that broadband grants from the Infrastructure Investment and Jobs Act and the American Rescue Plan will not be subject to federal taxation.
Moran and Mark Warner, D-Va., alongside Reps. Jimmy Panetta, D-Calif., and Mike Kelly, R-Penn., last Congress introduced the Broadband Grant Tax Treatment Act, legislation that would amend the Internal Revenue Code to exempt broadband deployment grants from the 21% federal corporate income tax.
The former BEAD director urged stakeholders to speak up againstr changes to the program that might be disruptive.
New contribution factor will apply in the second quarter of 2025
Virginia reports 91% end-to-end fiber proposals received in first funding round.
Introduced in response to January ruling striking down federal net neutrality