Broadband Grant Tax Treatment Act

This bill would make certain government grants for building broadband internet networks not count as taxable income for companies that receive them. Currently, these grants are treated as taxable income under a 2017 tax law change. The bill covers grants from several federal programs that help expand internet access, including programs run by the National Telecommunications and Information Administration and the Department of Agriculture. The change would apply to grants received since March 2023, and the IRS would need to provide guidance on how this tax exclusion works.

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