Targeted News Service logo

-- Preview Email Newsletter
U.S. Congressional Tipoffs Involving Kansas Newsletter for 2022-10-01 ( 1 items )  
Sens. Moran, Warner Introduce Legislation To Prevent Taxation Of Broadband Grants (10)
WASHINGTON, Oct. 1 -- Sen. Jerry Moran, R-Kansas, issued the following news release: U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) introduced legislation to amend the Internal Revenue Code to make certain that funding, recently passed by Congress, for the deployment of broadband will not be considered taxable income. Grants awarded to industry for the purposes of broadband deployment are currently factored into a company's income and will soon be subject to additional taxes due to more PR