H.R.5682: To improve access to broadband service in rural and underserved areas of the United States, and for other purposes.

To improve access to broadband service in rural and underserved areas of the United States, and for other purposes. 4/2/2008--Introduced. Rural America Communication Expansion for the Future Act of 2008 - Amends the Internal Revenue Code to permit taxpayers in rural or underserved areas to elect to expense broadband expenditures, including installation and connection costs. Permits mutual or cooperative telephone companies to reduce their unrelated business taxable income in any year by the amount of their broadband expenditures. Directs the Secretary of the Treasury to designate census tracts identifying rural and underserved areas. Prohibits federal or state agencies from adopting regulations and ratemaking procedures that would eliminate or reduce the broadband expense deduction provided by this Act. Allows a business-related tax credit for providing broadband services to rural or underserved subscribers through the radio transmission of energy. [...]

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