U.S. Congress - H.R.760 Advanced Broadband Infrastructure Bond Initiative of 2009
H.R.760 - Advanced Broadband Infrastructure Bond Initiative of 2009
To amend the Internal Revenue Code of 1986 to provide an income tax credit to holders of bonds financing new advanced broadband infrastructure, and for other purposes. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide an income tax credit to holders of bonds financing new advanced broadband infrastructure, and for other purposes. as introduced.
- Short: Advanced Broadband Infrastructure Bond Initiative of 2009 as introduced.
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Official Summary
1/28/2009--Introduced.Advanced Broadband Infrastructure Bond Initiative of 2009 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified advanced broadband infrastructure bonds. Limits the issuance authority for such bonds in 2009, 2010 and 2011 to $1 billion foOfficial Summary
1/28/2009--Introduced.Advanced Broadband Infrastructure Bond Initiative of 2009 - Amends the Internal Revenue Code to allow a tax credit for investment in qualified advanced broadband infrastructure bonds. Limits the issuance authority for such bonds in 2009, 2010 and 2011 to $1 billion for state and local government issuers and $10 billion for all other issuers. Requires the use of bond proceeds to finance broadband infrastructure projects to provide residential or small business consumers with high-speed access to the Internet.Amends the National Telecommunications and Information Administration Organization Act to require the National Telecommunications and Information Administration in the Department of Commerce to:(1) approve requests for qualified advanced broadband infrastructure projects;
(2) monitor the implementation of such projects; and
(3) make determinations regarding increases in the transmission speed requirements of the advanced broadband infrastructure bond program.
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