PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Communications and Technology.
Congressional Research Service
Version 00 · Introduced in House · May 20, 2021
Gigabit Opportunity Act
This bill authorizes the designation of qualified gigabit opportunity zones in low-income communities and provides tax incentives for investments in such zones.
Governors may submit nominations for a limited number of qualified gigabit opportunity zones in low-income communities to the Department of the Treasury for certification and designation and must give particular consideration to areas that
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are facing obstacles to economic development due to a lack of geographic broadband coverage or speed;
are the focus of mutually reinforcing state, local, or private economic development initiatives;
are poised for economic growth that requires access to high speed broadband for commercial purposes; and
represent the areas of a state where such service would result in the highest return on investment.
For eligible taxpayers who sell certain broadband services, the bill allows (1) deferrals, reductions, or exemptions from taxes on capital gains invested in certain property used to provide broadband services in a zone; and (2) immediate expensing of the costs of the property.
The bill also allows tax-exempt private activity bonds to be used for certain broadband projects in the zones.
Within one year of enactment of this bill, the Federal Communications Commission must publish a Uniform Model Broadband Deployment Act containing laws for the state regulation of the deployment of broadband services. Qualified zones must either adopt the Act or laws comparable to the Act.
People & committees
Rep. Cammack, Kat [R-FL-3] · R–FL
Legislative record
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Referred to the Subcommittee on Communications and Technology.
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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