H.R.1020 - Broadening Online Opportunities through Simple Technologies Act; BOOST Act (119th Congress)
Summary
H.R.1020, also known as the BOOST Act, aims to amend the Internal Revenue Code of 1986 by introducing a refundable tax credit for the purchase of communication signal boosters. This credit is targeted towards individuals residing in areas with inadequate broadband internet access. The bill intends to improve internet connectivity in underserved areas by making signal boosters more affordable.
Expected Effects
The bill, if enacted, would provide a tax credit of 75% of the cost of qualified signal booster expenditures, up to a maximum of $400. This would effectively lower the cost of these devices for eligible individuals. The credit would be available for taxable years beginning after December 31, 2025, and would terminate after December 31, 2029.
Potential Benefits
- Increased access to broadband internet in underserved areas.
- Reduced financial burden for individuals purchasing signal boosters.
- Potential stimulation of the communications technology market.
- Improved quality of life for residents in rural areas through better connectivity.
- Encourages the adoption of technology to bridge the digital divide.
Potential Disadvantages
- Potential for fraud or misuse of the tax credit.
- Limited duration of the credit (ends in 2029).
- The cost to the government in terms of tax revenue foregone.
- May not fully address the underlying issues of broadband infrastructure in rural areas.
- The credit is limited to a specific type of equipment, potentially overlooking other solutions.
Constitutional Alignment
The bill appears to align with the Constitution's general welfare clause (Preamble). Congress has the power to lay and collect taxes to provide for the general welfare of the United States. The bill utilizes this power to incentivize the purchase of technology that improves internet access, which can be argued as promoting the general welfare, particularly in underserved areas. The bill does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).