1. Short title This Act may be cited as the Rural Broadband Connectivity Act of 2018 . 2. Rural Broadband Tax Credit (a) In general The Internal Revenue Code of 1986 is amended by inserting after subsection 48D the following new section: 48E Rural Broadband Credit (a) In general For the purposes of section 38, the rural broadband credit for any taxable year is an amount equal to 30 percent of the basis of qualified broadband property placed in service by the taxpayer during such taxable year. (b) Cap on credit amount (1) In general The amount of the credit allowable to a taxpayer under subsection (a) for any property for a taxable year shall not exceed an amount equal to the product of— (A) the value of the number of qualified potential customers served by the qualifying broadband project for which such property is necessary, multiplied by (B) $170. (2) Qualified potential customer For purposes of this section, the term qualified potential customer means, with respect to a taxpayer, an individual— (A) who resides in a qualified rural census tract, and (B) whom such taxpayer demonstrates to the satisfaction of the Secretary would upon request be provided broadband service by the taxpayer for a customary charge for commencing broadband service of no more than $1,000. (c) Qualified broadband property For the purposes of this section— (1) In general The term qualified broadband property means property necessary for a qualifying broadband project. (2) Qualifying broadband project The term qualifying broadband project means any project designed to expand the number of individuals with broadband service in a qualified rural census tract. (3) Broadband service The term broadband service means broadband service (as defined in section 601(b) of the Rural Electrification Act of 1936) that meets the minimum acceptable level for such service (as established by the Secretary of Agriculture pursuant to section 601(e) of the Rural Electrification Act of 1936). (4) Qualified rural census tract The term qualified rural census