Congress 108 - S 160 - A bill to amend the Internal Revenue Code of 1986 to allow the expensing of broadband Internet access expenditures, and for other purposes.

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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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

Jan 14, 2003

Read twice and referred to the Committee on Finance.
Jan 14, 2003

Sponsor introductory remarks on measure. (CR S302-303)
Jan 14, 2003

Introduced in Senate

Amendments

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