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- S.1147
S.1147: A bill to amend the Internal Revenue Code of 1986 to provide for the expensing of broadband Internet access expenditures, and for other purposes.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced May 26, 2005
- Latest Major Action May 26, 2005
Bill Sponsor
Bill Cosponsors
8 (6 Democrats, 3 Republicans)
Bill Summary
Amends the Internal Revenue Code to permit taxpayers to elect to expense (i.e., deduct all expenses in the current taxable year) qualified broadband expenditures, including installation and connection costs for subscribers in rural or underserved areas. Permits mutual or cooperative telephone companies to elect to reduce their unrelated business taxable income in any year by the amount of their qualified broadband expenditures. Directs the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| May 26, 2005 |
Introduced in the Senate by John D. Rockefeller IV (D-W.Va.) |