SEC. 2. REFUNDABLE CREDIT FOR COST OF BROADBAND 
INFRASTRUCTURE SERVING LIMITED BROAD-
BAND DISTRICTS. 
(a) IN GENERAL.—Subpart C of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by inserting after section 36B the fol-
lowing new section: 
‘‘SEC. 36C. COST OF BROADBAND INFRASTRUCTURE SERV-
ING LIMITED BROADBAND DISTRICTS. 
‘‘(a) IN GENERAL.—In the case of any member of 
a limited broadband district, there shall be allowed as a 
credit against the tax imposed by this subtitle for the tax-
able year an amount equal to 75 percent of the qualified 
broadband infrastructure payments with respect to such 
district paid or incurred by such person during such tax-
able year. 
‘‘(b) ANNUAL DOLLAR LIMITATION.—The credit al-
lowed under subsection (a) with respect to any taxpayer 
for any taxable year shall not exceed $10,000. 
‘‘(c) DEFINITIONS.—For purposes of this section— 
‘‘(1) LIMITED
BROADBAND
DISTRICT.—The 
term ‘limited broadband district’ means any group 
of two or more persons if— 
‘‘(A) each such person enters into an 
agreement with a public or private provider of 
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broadband 
Internet 
access 
service 
under 
which— 
‘‘(i) such provider agrees to provide 
qualified broadband service to such person, 
and 
‘‘(ii) such person agrees to pay such 
provider for such person’s share (deter-
mined pursuant to such agreement) of the 
provider’s investment in infrastructure nec-
essary to provide such service, and 
‘‘(B) all of the qualified broadband service 
provided pursuant to such agreements is pro-
vided to locations in an unserved broadband 
community. 
‘‘(2) QUALIFIED BROADBAND INFRASTRUCTURE 
PAYMENTS.—The term ‘qualified broadband infra-
structure payment’ means any payment described in 
paragraph (1)(A)(ii). Such payment may include 
reasonable interest charges. 
‘‘(3) UNSERVED
BROADBAND
COMMUNITY.— 
The term ‘unserved broadband community’ means 
any community that (as of the time the agreement 
described in paragraph (1) is entered into)— 
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‘‘(A) is not served by any provider of quali-
fied broadband service (other than providers 
using satellite technology), and 
‘‘(B) obtains a certification from all pro-
viders of broadband internet access service that 
the Federal Communications Commission’s 
most recent Form 477 data collection shows as 
serving the census blocks in which such commu-
nity is located, stating that such providers do 
not offer qualified broadband service to any lo-
cation within such community. 
‘‘(4) QUALIFIED
BROADBAND
SERVICE.—The 
term ‘qualified broadband service’ means broadband 
Internet access service at download speeds of at 
least 25 megabits per second and upload speeds of 
at least 3 megabits per second. 
‘‘(5) BROADBAND
INTERNET
ACCESS
SERV-
ICE.—The term ‘broadband Internet access service’ 
has the meaning given such term in section 8.2 of 
title 47, Code of Federal Regulations.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 6211(b)(4)(A) of such Code is 
amended by inserting ‘‘36C,’’ after ‘‘36B,’’. 
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(2) Section 1324(b)(2) of title 31, United 
States Code, is amended by inserting ‘‘36C,’’ after 
‘‘36B,’’. 
(3) The table of sections for subpart C of part 
IV of subchapter A of chapter 1 of the Internal Rev-
enue Code of 1986 is amended by inserting after the 
item relating to section 36B the following new item: 
Sec. 36C. Cost of broadband infrastructure serving limited broadband districts. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years ending after the 
date of the enactment of this Act. 
Æ 
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