Loading chat...
AR HB2097
Bill
Status
5/1/2017
Primary Sponsor
Stephen Meeks
Click for details
AI Summary
-
Creates an income tax credit equal to 1% of total costs paid by taxpayers in a tax year to construct broadband infrastructure in underserved or unserved areas after January 1, 2017.
-
Defines "broadband internet access service" and "service area" according to 47 C.F.R. Part 54 as it existed on January 1, 2017.
-
Requires taxpayers claiming the credit to provide proof of infrastructure location and total costs paid in the tax year.
-
Credit is effective for tax years beginning January 1, 2017 and ending December 31, 2021.
Legislative Description
To Create An Income Tax Credit For A Portion Of The Cost Of Providing New Infrastructure Used To Bring Broadband Internet Access Service To Underserved Or Unserved Service Areas.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017