Broadband Deployment and Telework Incentive Act of 2001

Broadband Deployment and Telework Incentive Act of 2001 - Amends the Internal Revenue Code to allow: (1) a credit equal to the sum of an employer telework tax credit of $500 for each teleworking employee and a telework equipment tax credit of ten percent of qualified telework expenses paid; (3) a deduction for the cost of any qualified equipment capable of providing current generation broadband services to rural or urban subscribers; and (4) a broadband credit equal to 20 percent of the cost of qualified equipment capable of providing next generation broadband services to rural or urban subscribers.