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Home arrow Tips arrow Tax Credits to speed surfing
Tax Credits to speed surfing
 

 

Small business in rural U.S. may finally get fast broadband-

 

 

Verizon Could Get $1.6 Billion in Senate Stimulus Plan

article by By Saul Hansell of The New York Times

 

“Companies would get a 20 percent tax credit on investments made on “current-generation” broadband — with speeds of at least 5 megabits per second — in “unserved areas” and 10 percent for investment in low-income and rural areas.

“Next-generation broadband” service — at least 100 megabits per second — also gets a 20 percent credit for unserved, low-income and rural areas. But further down in the bill sits a significantly expanded definition of what sort of customers can be served by a company that qualifies for the tax credit:

  A qualified subscriber, with respect to next generation broadband services, means any nonresidential subscriber maintaining a permanent place of business in a rural, underserved, or unserved area, or any residential subscriber.”