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118-hr-1363Committee
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American Space Commerce Act of 2023

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Summary

Official CRS summary

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.

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Bill details

Congress
118
Bill type
hr
Introduced
March 3, 2023
Sponsor
Not yet available
Last action
December 17, 2024— Referred to the Subcommittee on Trade.

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