HR 768
108th Congress
House
Taxation
Administrative procedure
Antennas
Broadband
Cable television
Capital investments
Commerce
Communication satellites
Cooperative societies
Corporation taxes
Department of the Treasury
Depressed areas
District of Columbia
Economics and Public Finance
Enterprise zones
Government Operations and Politics
Government paperwork
Housing and Community Development
Income tax
Internet
To amend the Internal Revenue Code of 1986 to provide a broadband Internet access tax credit.
Introduced: February 13, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2003
Referred to the House Committee on Ways and Means.
Feb 13, 2003
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to establish a broadband credit equal to the sum of: (1) the current generation broadband credit; plus (2) the next generation broadband credit. Defines: (1) the current generation broadband credit for any taxable year as ten percent of the qualified expenditures incurred with respect to qualified equipment providing current generation broadband services to qualified subscribers and taken into account with respect to such taxable year; and (2) the next generation broadband credit for any year as twenty percent of the qualified expenditures incurred with respect to qualified equipment providing next generation broadband services to qualified subscribers and taken into account with respect to such taxable year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1