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HR 2504 107th Congress House

Zero Gravity, Zero Tax Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to provide tax incentives for investing in companies involved in space-related activities.

Introduced: July 16, 2001 See on congress.gov
Taxation Business income taxCapital gains taxCommerceCorporations
More subjectsShow fewer subjects
Finance and Financial SectorForeign Trade and International FinanceFree tradeIncome taxInvestment tax creditManufacturing industriesService industriesSpace activitiesSpace commercializationStocksTariffTax exclusion
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 16, 2001
Referred to the House Committee on Ways and Means.
Jul 16, 2001
Introduced in House
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 Latest action July 16, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Zero Gravity, Zero Tax Act of 2001 - Amends the Internal Revenue Code to exclude from gross income: (1) space-related income; and (2) gain on the sale or exchange of any stock of a qualified space corporation.

Establishes a space company investment credit for the purchase of qualified stock in a qualified space company.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Calvert, Ken
California · Jul 16, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2504: Zero Gravity, Zero Tax Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2504/
MLA
"H.R. 2504: Zero Gravity, Zero Tax Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2504/.
Bluebook (legal)
H.R. 2504, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2504/.
Markdown link
[H.R. 2504: Zero Gravity, Zero Tax Act of 2001](https://openamerica.io/bill/107-HR-2504/)
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