I 
117TH CONGRESS 
1ST SESSION H. R. 3377 
To amend the Internal Revenue Code of 1986 to provide tax benefits for 
investments in gigabit opportunity zones. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 20, 2021 
Mrs. CAMMACK (for herself, Ms. LETLOW, Mr. BANKS, Ms. HERRELL, Mr. 
MOOLENAAR, Mr. LAMALFA, Mr. MEUSER, Mr. CAWTHORN, Mr. 
STEUBE, Mr. BOST, Mr. KUSTOFF, Mrs. MILLER of Illinois, Mr. WITT-
MAN, Mr. JACKSON, Ms. TENNEY, Mr. RODNEY DAVIS of Illinois, Mr. 
ROUZER, Mr. OWENS, Mr. C. SCOTT FRANKLIN of Florida, Mr. GOODEN 
of Texas, Mr. AUSTIN SCOTT of Georgia, Mr. DAVIDSON, Mr. TIFFANY, 
Mr. VALADAO, Mr. CLINE, Mrs. FISCHBACH, Ms. STEFANIK, Mr. DIAZ- 
BALART, Mr. LATURNER, Mr. WESTERMAN, and Mr. DONALDS) intro-
duced the following bill; which was 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 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
tax benefits for investments in gigabit opportunity zones. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Gigabit Opportunity 
Act’’. 
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SEC. 2. GIGABIT OPPORTUNITY ZONES. 
(a) IN GENERAL.—Chapter 1 of the Internal Rev-
enue Code of 1986 is amended by inserting after sub-
chapter V the following new subchapter: 
‘‘Subchapter W—Gigabit Opportunity Zones 
‘‘Sec. 1400W–1. Designation. 
‘‘Sec. 1400W–2. Deferral for eligible taxpayer of capital gains invested in gig-
abit opportunity zones. 
‘‘Sec. 1400W–3. Immediate expensing of qualified gigabit opportunity zone 
business property. 
‘‘SEC. 1400W–1. DESIGNATION. 
‘‘(a) QUALIFIED GIGABIT OPPORTUNITY ZONE DE-
FINED.—For the purposes of this subchapter, the term 
‘qualified gigabit opportunity zone’ means a population 
census tract that is a low-income community— 
‘‘(1) which does not have fixed terrestrial 
broadband service that meets the current speed 
benchmark for fixed services (as determined by the 
Federal Communications Commission in its most re-
cent report issued pursuant to section 706 of the 
Telecommunications Act of 1996 (47 U.S.C. 1302)), 
‘‘(2) which is located in a jurisdiction— 
‘‘(A) that has been certified by the Sec-
retary, in consultation with the National Tele-
communications and Information Administra-
tion, as having adopted the Uniform Model 
Broadband Deployment Act prescribed by the 
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Federal Communications Commission pursuant 
to section 4 of the Gigabit Opportunity Act, or 
‘‘(B) which has been determined by the 
Secretary, in consultation with the National 
Telecommunications and Information Adminis-
tration, to have adopted laws which are com-
parable to such Uniform Model Broadband De-
ployment Act, and 
‘‘(3) which is designated as a qualified gigabit 
opportunity zone. 
Paragraph (1)(B) shall not apply with respect to any ju-
risdiction for which a determination has been made after 
the date which is 3 years after the date of the enactment 
of this section. 
‘‘(b) DESIGNATION.— 
‘‘(1) IN GENERAL.—For purposes of subsection 
(a)(3), a population census tract that is a low-in-
come community and which meets the requirements 
of paragraph (1) of subsection (a) is designated as 
a qualified gigabit opportunity zone if— 
‘‘(A) not later than the end of the deter-
mination period, the governor of the State in 
which the tract is located— 
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‘‘(i) nominates the tract for designa-
tion as a qualified gigabit opportunity 
zone, and 
‘‘(ii) notifies the Secretary in writing 
of such nomination, and 
‘‘(B) the Secretary certifies such nomina-
tion and designates such tract as a qualified 
gigabit opportunity zone before the end of the 
consideration period. 
‘‘(2) EXTENSION
OF
PERIODS.—A governor 
may request that the Secretary extend either the de-
termination or consideration period, or both (deter-
mined without regard to this subparagraph), for an 
additional 30 days. 
‘‘(c) OTHER DEFINITIONS.—For purposes of this 
subsection— 
‘‘(1) LOW-INCOME
COMMUNITIES.—The term 
‘low-income community’ has the same meaning as 
when used in section 45D(e). 
‘‘(2) DEFINITION OF PERIODS.— 
‘‘(A) CONSIDERATION PERIOD.—The term 
‘consideration period’ means the 30-day period 
beginning on the date on which the Secretary 
receives notice under subsection (b)(1)(A)(ii), 
as extended under subsection (b)(2). 
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‘‘(B) DETERMINATION PERIOD.—The term 
‘determination period’ means the 90-day period 
beginning on the date on which the State 
adopts the Uniform Model Broadband Deploy-
ment Act described in subsection (a)(2)(A), as 
extended under subsection (b)(2). 
‘‘(d) GUIDANCE FOR OPPORTUNITY ZONE NOMINA-
TIONS.—When considering the nomination of qualified 
gigabit opportunity zones, governors should strive for the 
creation of qualified gigabit opportunity zones that are 
geographically concentrated and contiguous clusters of 
population census tracts and should give particular consid-
eration to areas that— 
‘‘(1) are currently facing obstacles to economic 
development due to a lack of geographic broadband 
coverage or a lack of broadband speed, 
‘‘(2) are currently the focus of mutually rein-
forcing State, local, or private economic development 
initiatives, and 
‘‘(3)(A) are poised for economic growth that re-
quires access to high speed broadband for commer-
cial purposes, and 
‘‘(B) represent the areas of a State where such 
service would result in the highest return on invest-
ment. 
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