S 674 119th Congress
Broadband Grant Tax Treatment Act
A bill to amend the Internal Revenue Code of 1986 to exclude certain broadband grants from gross income.
Official Title as Introduced Congress.gov
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Bill journey
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Introduction Congress.gov
Introduced
Introduced in the Senate.
Open bill recordOfficial action Congress.gov
Read twice and referred to the Committee on Finance.
Open bill recordOfficial action Congress.gov
Introduced in Senate
Open bill recordText version Congress.gov
Introduced in Senate
A dated text-version record is available.
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View the complete bill journey as an accessible table
| Date and time | Record | Official detail | Source |
|---|---|---|---|
| IntroductionIntroduced | Introduced in the Senate. | Congress.gov | |
| Official actionRead twice and referred to the Committee on Finance. | No additional detail supplied.IntroReferral · Senate | Congress.gov | |
| Official actionIntroduced in Senate | No additional detail supplied.IntroReferral · Library of Congress · Code 10000 | Congress.gov | |
| Text versionIntroduced in Senate | A dated text-version record is available. | Congress.gov |
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Congressional Research Service
CRS summary
Broadband Grant Tax Treatment ActThis bill excludes from gross income (for federal tax purposes) certain grants received for broadband deployment.As background, contributions of capital to a corporation generally are not taxable income. However, under an exception enacted in 2017 by the Tax Cuts and Jobs Act, grants from a government or civic organization are not contributions to capital and, thus, treated as taxable income. Prior to the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) considered certain grants from a government or civic organization contributions of capital and, thus, not taxable income.The bill specifically excludes from gross income grants received for broadband deployment from theNational Telecommunications and Information Administration (NTIA) Broadband Equity, Access, and Deployment Program;NTIA State Digital Equity Capacity Grant Program;NTIA Digital Equity Competitive Grant Program;NTIA Enabling Middle Mile Broadband Infrastructure Program;Department of Agriculture ReConnect Program;Coronavirus State and Local Fiscal Recovery Funds and the Coronavirus Capital Projects Fund; andNTIA Tribal Broadband Connectivity Program and the Broadband Infrastructure Program.The bill also requires the IRS to issue guidance on the exclusion from gross income of such grants.The bill applies to funds received in tax years ending after March 11, 2021.
Official documents
Text versions
- Introduced in SenateFeb 20, 2025