NARUC Asks For Clarification on Broadband Grant Tax Status - 2010-03-08 18:14:17 | Broadcasting & Cable

The nation's regulatory commissioners have asked the Treasury Department to clarify that the government's broadband stimulus grants are not taxable.

The National Association of Regulatory Utility Commissioners says that the Recovery Act grants for smart grid energy projects have been held up because nowhere in the act does it say whether the government billions are taxable.

It argues that not to make them tax-deductible would be counterproductive and work against the goal of simulating the economy...