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DIGEST OF INTRODUCED BILL
Tax credit for broadband equipment investments. Provides a state tax credit to broadband service providers for qualified investments made after June 30, 2004, and before January 1, 2007, for the costs of purchasing, constructing, expanding, improving, or maintaining qualified broadband equipment. Provides that the credit equals the lesser of: (1) 3% of the total qualified investments for the taxable year; or (2) $22,500.