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HomeMy WebLinkAbout20250411News Release.pdf `r Idaho Public Utilities Commission Brad Gttte,Governor `}-�\� PO BOX 83720, Base ID 83770-0074 Edward lodge, President �' ` John R.Hammond, Jr., Commissioner Dayn Hardie,Commissioner Case No. SZ9-T-25-01 Order No. 36533 Contact: Adam Rush Office: (208) 334-0339 E-mail: adam.rush@puc.idaho.gov NEWS RELEASE: Commission issues order approving telecom utility's application regarding broadband equipment. BOISE (April 11, 2025)—The Idaho Public Utilities Commission has issued an order approving an application submitted by Syringa Networks, LLC asking that equipment it installed in 2024 be designated as qualified broadband equipment. The designation will allow the utility to receive an income tax credit. Syringa Networks said its broadband network transmits data to customers at an upload and download speed of 1.5 megabits per second, or 12,000,000 bits per second. The utility also said it invested$5,648,030.75 in broadband equipment in 2024. It applied for the designation on Jan. 28, 2025. The commission approved the designation on April 4, 2025. Idaho code allows a taxpayer to receive an income tax credit for having installed qualified broadband equipment during a calendar year. Before the taxpayer is eligible for the credit, it must apply to the commission for an order confirming the installed equipment is qualified broadband equipment as defined in Idaho code. The statute defines the equipment as being capable of transmitting signals at a rate of at least 200,000 bits per second to a subscriber and at least 125,000 bits per second from a subscriber and is primarily used to provide services in Idaho to public subscribers. Additional information is available at: puc.idaho.gov/case/Details/7482.