Income tax, corporate and state; subtraction for broadband grant fund awards.

Summary

The bill lets both individuals and corporations subtract from their Virginia income tax any public grant they receive to plan, build, expand, or improve broadband infrastructure. The subtraction applies to the full amount of the grant in the year it is received, beginning with taxable year 2026. This aims to lower tax costs for entities that invest in broadband, encouraging faster deployment of high‑speed internet across the Commonwealth.

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