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Senate Bill Would Shield BEAD Grants from Federal Taxation

Winncom-170

Headline: Would exclude broadband deployment grants from corporate taxable income
Article: There is bipartisan support for a plan to make sure broadband grants are solely used for deployment purposes. Sens. Mark Warner, D-Va., and Jerry Moran, R-Kan. Monday introduced bipartisan legislation that would ensure broadband deployment grants funded through the Broadband Equity, Access, and Deployment (BEAD) Program and the American Rescue Plan are not taxable income for companies. The bill would get rid of grant money being recycled back to the government through corporate taxes, and ensure that providers will be able to direct the entirety of its funds toward broadband projects.
Date: February 25, 2025
Read Full Article: Broadbandbreakfast.com

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AGL Staff Writer

AGL’s dedicated Staff Writers are experts in the digital ecosystem, focusing on developments across broadband, infrastructure, federal programs, technology, AI, and machine learning. They provide in-depth analysis and timely coverage on topics impacting connectivity and innovation, especially in underserved areas. With a commitment to factual reporting and clarity, AGL Staff Writers offer readers valuable insights on industry trends, policy changes, and technological advancements that shape the future of telecommunications and digital equity. Their work is essential for professionals seeking to understand the evolving landscape of broadband and technology in the U.S. and beyond.

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