NTCA Endorses ‘American Investment in Manufacturing Act’

NTCA–The Rural Broadband Association today endorsed the American Investment in Manufacturing (AIM) Act, which was introduced by Sens. Shelley Moore Capito (R-W.Va.) and Krysten Sinema (I-Ariz.) in the Senate and Representatives Adrian Smith (R-Neb.), Joe Morelle (D-N.Y.), Kevin Hern (R-Okla.) and Brad Schneider (D-Ill.) in the House. The bill seeks to reinstate the ability to deduct depreciation and amortization for tax purposes after limitations on doing so took effect in 2022. Left unchanged, these limitations will hinder companies’ ability to raise capital and the use of resources for further capital investments.
 
“The ability to maximize resources in difficult-to-serve rural areas is paramount for NTCA members, who provide their communities with affordable and reliable internet services,” said NTCA CEO Shirley Bloomfield. “Now more than ever, it is critical that rural internet service providers have the ability to invest in the technology and employees they need to best serve their communities and I applaud Senators Capito and Sinema as well as Representatives Smith, Morelle, Hern and Schneider for introducing the AIM Act today.”
 
For further background and information, please click here for a letter that NTCA signed in support of similar legislation in the 117th Congress.