NTCA Applauds Tax Relief for American Families and Workers Act, Urges Inclusion of Broadband Grant Tax Treatment Act

Congress has recently committed tens of billions of dollars to broadband deployment, but taxing broadband grants dramatically reduces their impact. In addition, most of the assets to be purchased and deployed leveraging recent federal broadband deployment funding will likely not qualify for 100% bonus depreciation even if extended, since much of the network construction will not be completed until after the Tax Relief for American Families and Workers Act of 2024 bonus depreciation extension expires – leaving many small, rural broadband providers unable to take full advantage of this pro-investment tax relief.