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HR 1024 109th Congress House Taxation Capital gains tax Commerce Corporations Finance and Financial Sector Foreign Trade and International Finance Free trade Income tax Investment tax credit Manufacturing industries Service industries Space activities Space commercialization Stocks Tariff Tax exclusion

Zero Gravity, Zero Tax Act of 2005

Introduced: March 1, 2005 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Mar 1, 2005
Referred to the House Committee on Ways and Means.
Mar 1, 2005
Introduced in House
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 Plain-English summary Congressional Research Service

Zero Gravity, Zero Tax Act of 2005 - Amends the Internal Revenue Code to: (1) exclude from gross income space-related income from products or articles produced, or services provided, in or from outer space; (2) allow an investment tax credit for the purchase of stock in a space company that has average annual gross receipts not exceeding $100 million and that derives more than 70 percent of its gross receipts from space-based business; and (3) exclude from gross income gain from the sale or exchange of any stock of certain space corporations.

What's happening now March 1, 2005

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Calvert, Ken
California · Mar 1, 2005
 R
Lucas, Frank D.
Oklahoma · Mar 1, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1024: Zero Gravity, Zero Tax Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1024/
MLA
"H.R. 1024: Zero Gravity, Zero Tax Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1024/.
Bluebook (legal)
H.R. 1024, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1024/.
Markdown link
[H.R. 1024: Zero Gravity, Zero Tax Act of 2005](https://openamerica.io/bill/109-HR-1024/)
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