The Broadband Internet Access Act of 2003 would provide companies that deploy broadband in qualifying locations with a 10% tax credit on current-generation broadband expenditure and a 20% credit on spending for next-generation service. The credit would be available to any provider deploying high-speed Internet in 2003, regardless of the platform used. The bill introduced today is virtually identical to that sponsored by Reps. English and Matsui in the 107th Congress.
“It is so important that we get affordable broadband access deployed to communities all across the country,” said McCurdy. “The U.S. essentially invented this technology, but we have to continue to invest in it if we want to ensure our citizens’ role in a competitive global economy. We’ve seen that countries that recognize technology as a critical part of their economic future and that designate broadband deployment a national priority make huge strides. We have the potential to do the same through a national strategy that includes elements such as the broadband tax credit proposed today.”
A broadband tax incentive is one of EIA’s top tax priorities this year, along with accelerated depreciation schedules, an enhanced and permanent research and development tax credit, tax relief for overseas profit repatriation and exemption of FICA taxes on severance payments.
For an in-depth look at the Broadband Internet Access Act and to see video highlights from the press conference, please visit the Americans for the Digital Bridge website.
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