Skip to main content
S. 1676 117th Congress Senate

Rural Broadband Financing Flexibility Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow tax-exempt private activity bonds to be used for qualified broadband projects, to provide for tax cr… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to allow tax-exempt private activity bonds to be used for qualified broadband projects, to provide for tax credit payments to issuers of tax-exempt bonds used to finance broadband infrastructure projects, and to provide an investment credit for qualified broadband projects.

Introduced: May 18, 2021 Introduced by: Margaret Wood Hassan Democratic · New Hampshire See on congress.gov
Taxation Business investment and capitalIncome tax creditsIncome tax exclusionInterest, dividends, interest rates
More subjectsShow fewer subjects
Internet and video servicesInternet, web applications, social mediaRural conditions and developmentSecurities
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 18, 2021
Read twice and referred to the Committee on Finance.
May 18, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 18, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Rural Broadband Financing Flexibility Act

This bill provides tax incentives for investment in broadband, particularly in rural areas.

Specifically, the bill allows

  • issuance of private activity bonds for financing qualified broadband projects,
  • issuers of broadband infrastructure bonds a credit for interest payments under such bonds, and
  • a 10% investment tax credit for qualified broadband projects.

The bill defines qualified broadband project as any project that (1) is designed to provide broadband service solely to one or more areas that are rural areas and in which more than 50% of residential households do not have access to fixed, terrestrial broadband service that delivers at least 25 megabits per second downstream and at least 3 megabits service upstream, and (2) results in gigabit capable internet access to certain residential and commercial locations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Capito, Shelley Moore
West Virginia · May 18, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1676: Rural Broadband Financing Flexibility Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1676/
MLA
"S. 1676: Rural Broadband Financing Flexibility Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1676/.
Bluebook (legal)
S. 1676, 117th Cong. (2026), https://openamerica.io/bill/117-S-1676/.
Markdown link
[S. 1676: Rural Broadband Financing Flexibility Act](https://openamerica.io/bill/117-S-1676/)
Report a problem