Relating to property tax exemption for certain communication infrastructure; prescribing an effective date.

For purposes of property tax exemption for certain communication infrastructure, requires minimum cost of newly constructed or installed real or tangible personal property. Sets ongoing maximum monthly charge and initial fees for qualified project. For company with majority of residential broadband customers residing within certain large metropolitan statistical areas, requires minimum proportion of residential customers to be served outside such metropolitan statistical areas. Clarifies that initial application for exemption applies to any company whose property has not been granted exemption. Takes effect on 91st day following adjournment sine die.