House Bill 1091 Summary

• Increases broadband equipment speed requirements for ad valorem tax exemption from 384 kilobits per second to at least 25 megabits per second downlink and 3 megabits per second uplink.

• Limits exemption eligibility to companies providing fiber, cable, DSL, or fixed wireless access (FWA) services, with only FWA equipment specifically qualifying for the exemption.

• Caps fixed wireless access exemptions at 30% of total asset cost per FWA site and requires companies to provide notarized subscriber lists and verify equipment use through Federal Communications Commission Broadband Data Collection filings.

• Extends the equipment exemption period through July 1, 2025, requiring exemptions to be filed by December 31 for operational sites.

• Brings forward Section 57-73-21 regarding job tax credits for business enterprises to allow for possible amendments.