Senate Panel OKs broadband credits.(telecommunications tax credits)(Brief Article)
Multichannel News, November, 2001 by Enrich, David
WASHINGTON -- Years of persistent lobbying paid off for the telecommunications industry when a Senate committee on Nov. 15 approved a multibillion-dollar economic stimulus package that includes a pair of temporary tax credits to promote the expansion of broadband infrastructure. The measure, sponsored by Sen.
John D. Rockefeller (D-W.Va.), includes a tax credit that covers 10 percent of expenses related to deploying broadband services in rural and underserved areas. Another tax credit compensates companies for 20 percent of the costs of launching next-generation broadband services for residential customers. The tax credits -- intended to immediately stimulate the slumping economy and to make broadband services available to a larger swath of the...
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