Senate Finance Reconciliation Proposal Omits Broadband Grant Tax Treatment Act
The Senate Finance Committee's portion of the chamber’s proposed budget reconciliation package, released Monday night, omits language from the Broadband Grant Tax Treatment Act (HR-1873/S-674) that Sen. Jerry Moran, R-Kan., and others were seeking. The measure would amend the Internal…
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Revenue Code to allow broadband grants enacted via the Infrastructure Investment and Jobs Act and American Rescue Plan Act, including NTIA's $42.5 billion BEAD program, to not count as gross income (see 2503050073). Moran said during an Incompas event in March that the reconciliation process was “probably the only possibility” for moving S-674, given that the forthcoming legislative package aims to extend tax cuts enacted during the first Trump administration (see 2503110058).