New York enacts the "credit for rural broadband act" to provide a refundable tax credit for new broadband network construction in unserved rural.

The "credit for rural broadband act" amends the state technology law and the tax law to establish a refundable tax credit for qualified taxpayers who incur costs for new broadband network construction in unserved rural areas. The credit is calculated based on a formula involving qualified construction expenses, average construction costs, and customer contributions. The credit can be claimed annually over five years, with any excess credit treated as an overpayment of tax to be refunded.

New York enacts the "credit for rural broadband act" to provide a refundable tax credit for new broadband network construction in unserved rural.

The "credit for rural broadband act" amends the state technology law and the tax law to establish a refundable tax credit for qualified taxpayers who incur costs for new broadband network construction in unserved rural areas. The credit is calculated based on a formula involving qualified construction expenses, average construction costs, and customer contributions. The credit can be claimed annually over five years, with any excess credit treated as an overpayment of tax to be refunded.