WTA Applauds Reintroduction of Bipartisan, Bicameral Broadband Grant Tax Treatment Act
WASHINGTON, D.C. (February 9, 2023) – WTA – Advocates for Rural Broadband applauds the reintroduction of the Broadband Grant Tax Treatment Act (BGTTA) in the Senate and the House of Representatives.
The BGTTA is bipartisan legislation introduced by Senators Mark Warner (D-VA), Jerry Moran (R-KS), and 15 of their Senate colleagues and Representatives Jimmy Panetta (D- CA), Mike Kelly (R-PA), and four of their colleagues in the House. The legislation exempts recent federal broadband investment from taxation.
“The federal government is making an enormous investment in rural broadband, but the effects of the tax code make it harder for the small, locally-based broadband providers we represent to maximize the amount of funding going to build out the network,” said Derrick B. Owens, Senior Vice President for Government and Industry Affairs for WTA – Advocates for Rural Broadband. “We applaud the Members of Congress for reintroducing the bipartisan Broadband Grant Tax Treatment Act, which would streamline the tax code so that every broadband grant dollar goes toward building broadband networks and extending service to those who don’t have it. WTA strongly urges Congressional leadership to address this issue quickly.”