The Broadband Expansion and Efficiency Act aims to enhance broadband communications services in Arkansas by establishing a sales and use tax exemption for machinery and equipment utilized in the production of these services. The bill defines "broadband communications services" to include telecommunications, video programming, and internet access services, as well as any combination of these. It specifies the types of machinery and equipment eligible for the tax exemption, which includes a wide range of items such as wires, cables, antennas, routers, and diagnostic equipment, while explicitly excluding personal consumer electronics and consumer-grade modems and Wi-Fi routers.

Additionally, the bill amends the Arkansas Code to introduce a new section that outlines the exemption from gross receipts and compensating use taxes for the sale of the specified machinery and equipment. The act will take effect on the first day of the calendar quarter following its enactment, thereby providing a clear timeline for the implementation of these tax benefits aimed at promoting broadband infrastructure development in the state.