U.S. Representatives Phil English (R-Pennsylvania.) and Robert Matsui (D-California.) introduced a new broadband tax credit bill that would provide carriers with a 10% tax credit on current-generation broadband expenditures and a 20% credit on spending for next-generation equipment in qualifying locations. The credit would be available to any provider deploying high-speed Internet in 2003, regardless of the platform used. The Broadband Internet Access Act of 2003 is nearly identical to a similar measure introduced in the last Congress, which was supported by 267 members of the House of Representatives during the 107th Congress, but never made it to final passage.
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- The Congressional Joint Committee on Taxation estimates the cost of the Broadband Internet Access Act of 2003 at $2.2 billion. The bill’s tax incentives terminate five years from enactment.The Broadband Internet Access Act of 2003 is supported by the Electronic Industries Alliance (EIA) and the Telecommunications Industry Association (TIA).
