H.R. 769 · 108th Congress
To amend the Internal Revenue Code of 1986 to allow the expensing of broadband Internet access expenditures, and for other purposes.
- Stage
- In committee
- Sponsor
- Phil English
- Introduced
- 2003-02-13
- Latest action
- 2003-02-13 · Introduced in House
Summary
Amends the Internal Revenue Code to: (1) permit any qualified broadband expenditure which is paid or incurred by the taxpayer to be treated as an expense which is not chargeable to capital account; and (2) any expenditure so treated to be allowed as a deduction. Defines terms and sets forth rules.