Broadband Grants Might Be Taxable

March 2010
Multichannel News;3/15/2010, Vol. 31 Issue 11, p16
The article reports that the grants under broadband-stimulus package may be taxable. An explanation was requested by some utility regulators from the U.S. Department of the Treasury on the taxability of the grants under the Broadband Technology Opportunities Program. Chief counsel of Treasury William Wilkins said in a response to National Telecommunications & Information Administration (NTIA) that some of the grants will attract tax deductions.


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