SB380
Income tax, corporate and state; subtraction for broadband grant fund awards.
Status:
In Senate
Latest Action:
Feb. 3, 2026
Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
Chief Patron:
Jennifer Boysko (D)
Session:
2026 Regular Session
Summary
As Introduced. Income tax subtraction; broadband grant fund awards.
Establishes an individual and corporate income tax subtraction for any amount of public grant awards received in the taxable year for the exclusive purpose of planning, constructing, expanding, or improving upon broadband infrastructure and services in the Commonwealth beginning in taxable year 2026.-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26101213D
- 01/13/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/24/2026 - Senate: Fiscal Impact statement From TAX (1/24/2026 4:50 pm)
- 01/29/2026 - Senate: Fiscal Impact statement From TAX (1/29/2026 12:14 pm)
- 02/03/2026 - Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
