2/5/2018 Group Watch: Broadband Bill Passes Senate
Legislation designed to encourage private companies to extend access to high-speed internet into Alabama’s rural areas passed the Senate last week. To ensure all of our state’s people and businesses have the tools needed to compete in the digital age, the Alabama Rural Broadband Act provides tax incentives for the companies’ investment. If signed into law, the bill will exempt companies from sales tax for 10 year, provided they build quietly broadband network infrastructure and facilities. An additional 10 percent investment tax credit (capped at $20 million per company, per year) sweetens the deal.
