,,ii  #aagth ,,congress  #b;d ,session  
,s4 #ejba  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #bi1
 #bjbb,mr4 ,warner 7for himself1 ,mr4   
,moran1 ,mr4 ,kaine1 ,mr4 ,wicker1 ,mr4 
,warnock1 and ,mrs4 ,capito7 introduced 
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,a ,,bill  ,to amend the      
,internal ,revenue ,code of #aihf to    
exclude certain broadband grants from   
gross income4  #a4 ,short title ,this   
,act may be cited as the ,broadband     
,grant ,tax ,treatment ,act4  #b4       
,certain grants for broadband excluded  
from gross income  7a7 ,in general ,part
 ,,iii of subchapter ,b of chapter #a of
 the ,internal ,revenue ,code of #aihf  
is amended by inserting after section   
#aci;,i the following new subsection3   
#aci;,j4 ,certain broadband grants  7a7 
,in general ,gross income shall not     
include any qualified broadband grant   
made for purposes of broadband          
deployment4  7b7 ,denial of double      

benefit ,notwithstanding any other      
provision of this subtitle1 no deduction
 or credit shall be allowed for1 or by  
reason of1 any expenditure to the extent
 of the amount excluded under subsection
 7a7 for any qualified broadband grant  
which was provided with respect to such 
expenditure4 ,the adjusted basis of any 
property shall be reduced by the amount 
excluded under subsection 7a7 which was 
provided with respect to such property4 
7c7 ,qualified broadband grant ,for     
purposes of this section1 the term      
qualified broadband grant means-- 7#a7  
any grant or subgrant received under the
 ,broadband ,equity1 ,access1 and       
,deployment ,program established under  
section #fjajb of the ,infrastructure   
,investment and ,jobs ,act1  7#b7 any   
grant or subgrant received under the    
,state ,digital ,equity ,capacity ,grant
 ,program established under section     
#fjcjd of such ,act1  7#c7 any grant    
received under the ,digital ,equity     
,competitive ,grant ,program established

 under section #fjcje of such ,act1     
7#d7 any grant received under section   
#fjdja of such ,act 7relating to middle 
mile grants71  7#e7 any grant received--
 7,a7 under the broadband loan and grant
 pilot program established by section   
#ggi of ,public ,law #aae-ada under the 
,rural ,electrification ,act of #aicf2  
and  7,b7 from funds made available for 
such program under the heading ,distance
 ,learning1 ,telemedicine1 and          
,broadband ,program under the heading   
,rural ,utilities ,service under title  
,i of division ,j of the ,infrastructure
 ,investment and ,jobs ,act1  7#f7 any  
grant received from a ,state1 territory1
 ,tribal government1 or unit of local   
government to the extent such grant     
was-- 7,a7 funded by amounts provided to
 the ,state or local government under   
section #fjb1 #fjc1 or #fjd of the      
,social ,security ,act1 and  7,b7       
provided for the stated purposes of     
making investments in broadband         
infrastructure1 or  7#g7 any grant or   

subgrant received under section #ije of 
division ,n of the ,consolidated        
,appropriations ,act1 #bjba4  7d7       
,regulations ,the ,secretary shall issue
 such regulations or other guidance as  
may be necessary or appropriate to carry
 out the purposes of this section4  4   
7b7 ,clerical amendment ,the table of   
sections for part ,,iii of subchapter ,b
 of chapter #a of the ,internal ,revenue
 ,code of #aihf is amended by inserting 
after the item related to section       
#aci;,i the following new item3  ,sec4  
#aci;,j4 ,certain broadband grants4  4  
7c7 ,effective date ,the amendments made
 by this section shall apply to amounts 
received in taxable years ending after  
,march #aa1 #bjba4