The following post discusses legal and financial matters and is provided for general informational purposes only. It is not intended to serve as legal or financial advice, particularly with respect to an individual entity’s tax status. Readers should consult qualified legal, accounting, and tax planning professionals for advice as to their specific circumstances.

On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act (OBBBA), a massive budget reconciliation bill that codified many of the Trump Administration’s tax and spending policy objectives. While the final version of the Act did not exclude broadband grants from treatment as gross income for purposes of federal taxation (as proposed under the Broadband Grant Tax Treatment Act re-introduced earlier this year), t

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