Legislation Creates Tax Exemption For Companies Expanding Broadband

internet-good-17
internet-good-17

Legislation from state Senator Aric Nesbitt is designed to increase access to broadband internet in rural areas. His office tells us his bill would create a tax exemption for new broadband equipment installed in places where it’s lacking. Nesbitt says many educational and job opportunities these days depend on fast internet, adding homes without access to good internet are less desirable and harder to sell, which in turn lowers their value. Nesbitt says, “I think we owe it to residents in rural areas to get this done.” The plan is currently before the Senate Committee on Finance.