A bill to amend the Internal Revenue Code of 1986 to allow private activity bonds to be used for qualified broadband projects and to provide for tax credit payments to issuers of tax-exempt bonds used to finance broadband infrastructure projects.
About This Bill
Committee
Latest Action · November 14, 2019
Read twice and referred to the Committee on Finance.
Rural Broadband Financial Flexibility Act
This bill allows the use of tax-exempt private activity bonds to finance qualified broadband projects. A qualified broadband project is any project that is designed solely to provide broadband service to one or more rural areas in which more than 50% of residential households do not have access to adequate broadband service. The bill also allows direct payments to issuers of broadband infrastructure bonds for 35% of the interest payable under such bonds.
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