HR 5082
Gigabit Opportunity Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Gigabit Opportunity Act aims to boost broadband internet access in underserved communities by offering tax incentives to investors and encouraging states to adopt a standardized broadband deployment framework. It designates ‘gigabit opportunity zones’ – low-income areas lacking sufficient broadband – and allows eligible taxpayers to defer or deduct capital gains on investments in broadband infrastructure within these zones. The bill also enables the use of tax-exempt private activity bonds for broadband projects and requires the Federal Communications Commission to create a model broadband deployment act for state regulation. This legislation seeks to stimulate economic development through improved internet connectivity.
Sponsors
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Primary sponsor
Doug Collins
Cosponsors
Alexander X. Mooney
Denver Riggleman
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