American Space Commerce Act of 2023
- Last Action
- 3/1/2023
Actions
- 2023-03-01Read twice and referred to the Committee on Finance.
- 2023-03-01Introduced in Senate
CRS Summary
As of 2023-03-01 (00)
American Space Commerce Act of 2023
This bill allows a special allowance for bonus depreciation for qualified domestic space launch property and extends the termination of such allowance until the end of 2032. The bill defines qualified domestic space launch property as property placed in service before January 1, 2033, that is (1) a space transportation vehicle or payload that is launched from the United States, or (2) other property or equipment placed in service to facilitate a space launch from the United States.
Cosponsors (4)
- Rick Scott (R-FL)
- Dianne Feinstein (D-CA)
- Roger Wicker (R-MS)
- Ted Cruz (R-TX)
Subjects
- Aviation and airports
- Business investment and capital
- Income tax deductions
- Space flight and exploration
- Spacecraft and satellites
Sourced from Congress.gov (public domain).
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