To amend the Internal Revenue Code of 1986 to allow the expensing of broadband Internet access expenditures, and for other purposes.

Fact Sheet API

Bill Number

HR 769

Introduced

Feb 13, 2003

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Administrative procedure Antennas Broadband Cable television Capital investments Commerce Communication satellites Cooperative societies Corporation taxes Department of the Treasury Depreciation and amortization Depressed areas District of Columbia Economics and Public Finance Enterprise zones Government Operations and Politics Government paperwork Housing and Community Development Income tax Internet Law Lease and rental services Science, Technology, Communications Tax deductions Tax returns Tax-exempt organizations Taxation Telecommunication industry Telecommunication systems Telephone Television relay systems Urban affairs Wireless communication

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Votes

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.

Actions

Feb 13, 2003

Referred to the House Committee on Ways and Means.
Feb 13, 2003

Introduced in House

Amendments

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