S 905
108th Congress
Senate
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
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Government Operations and Politics
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Housing and Community Development
Income tax
Internet
A bill to amend the Internal Revenue Code of 1986 to provide a broadband Internet access tax credit.
Introduced: April 11, 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
Apr 11, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5359-5361)
Apr 11, 2003
Introduced in Senate
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
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5359-5361)
Committees of jurisdiction
1