April 14, 2017
A bill aimed at increasing broadband internet in rural areas passed the Senate Tuesday by a 31-1 vote.
SB 253 by Sen. Clay Scofield, R-Red Hill, amends the Alabama Renewal Act to provide nonrefundable, transferable income tax credits for private investment in broadband infrastructure. The bill would provide a 10-year property tax exemption for new qualified broadband telecommunications network facilities and an exemption from sales and use tax for equipment and materials used to operate the facilities.
The credit would be limited to 10 percent of the total investment, and the provision would sunset after fiscal year 2025.
The Federation supports expansion of high-speed internet in rural areas.