H.R.1873

Excludes certain broadband grants from gross income under the Internal Revenue Code.

The Broadband Grant Tax Treatment Act amends the Internal Revenue Code to exclude certain broadband grants from gross income. These grants include those made for broadband deployment, under the Digital Equity Competitive Grant Program, for middle mile grants, and under the broadband loan and grant pilot program. The exclusion applies to grants received from funds made available under the Distance Learning, Telemedicine, and Broadband Program. The act also prevents deductions or credits for expenditures related to these grants and reduces the adjusted basis of property by the excluded amount.