SB213 Summary

• Defines "broadband telecommunications network facility" as electronics, equipment, transmission facilities, fiber optic or copper cable, and other property used to transmit broadband signals at minimum speeds of 10 megabits per second download and 1 megabit per second upload.

• Exempts equipment and materials incorporated into or used to operate qualifying broadband telecommunications network facilities from Alabama sales and use tax.

• Adds new exemption subsection (50) to Section 40-23-4 for gross proceeds from sales of broadband network equipment and materials.

• Adds corresponding use tax exemption to Section 40-23-62 for the storage, use, or consumption of broadband network equipment and materials.

• Becomes effective immediately upon passage and approval by the Governor.