Bill Summary & Status for the 107th Congress

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H.R.2597
Title: To amend the Internal Revenue Code of 1986 to provide incentives to ensure that all Americans gain timely and equitable access to the Internet and to promote employer and employee participation in telework arrangements.
Sponsor: Rep McInnis, Scott [CO-3] (introduced 7/23/2001)      Cosponsors: 4
Latest Major Action: 7/23/2001 Referred to House committee. Status: Referred to the House Committee on Ways and Means.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
7/23/2001:
Referred to the House Committee on Ways and Means.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(4), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Blagojevich, Rod R. - 7/23/2001 [IL-5] Rep Blumenauer, Earl - 6/11/2002 [OR-3]
Rep Foley, Mark - 7/23/2001 [FL-16] Rep Tanner, John S. - 7/23/2001 [TN-8]

SUMMARY AS OF:
7/23/2001--Introduced.

Broadband Deployment and Telework Incentive Act of 2001 - Amends the Internal Revenue Code to allow: (1) a credit equal to the sum of an employer telework tax credit of $500 for each teleworking employee and a telework equipment tax credit of ten percent of qualified telework expenses paid; (3) a deduction for the cost of any qualified equipment capable of providing current generation broadband services to rural or urban subscribers; and (4) a broadband credit equal to 20 percent of the cost of qualified equipment capable of providing next generation broadband services to rural or urban subscribers.