DES MOINES, Iowa (AP) — Lawmakers in the Iowa Senate are deliberating legislation that provides incentives for improving broadband internet technology access in the state.
The bill was reviewed Monday by a Senate subcommittee. Legislators are planning on more subcommittee hearings before moving the bill forward.
Under the proposal in the Senate, companies that invest in broadband infrastructure could receive breaks on property and income taxes. In addition, the bill would establish a loan fund for businesses making broadband investments. The overall cost of this legislation is not yet known.
Gov. Terry Branstad has made broadband expansion a key focus for this legislative session. But his legislative plan only includes a property tax exemption.
Legislators in the Iowa House are also holding subcommittee hearings on a broadband proposal.