S.674

Broadband Grant Tax Treatment Act excludes certain broadband grants from gross income.

The Broadband Grant Tax Treatment Act amends the Internal Revenue Code to exclude certain broadband grants from gross income. These grants include those from the Broadband Equity, Access, and Deployment Program, the State Digital Equity Capacity Grant Program, the Digital Equity Competitive Grant Program, middle mile grants, the broadband loan and grant pilot program, and others. The exclusion applies to grants received in taxable years ending after March 11, 2021.