HR 5310
110th 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 2008
Introduced: February 7, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2008
Referred to the House Committee on Ways and Means.
Feb 7, 2008
Introduced in House
Plain-English summary
Zero Gravity, Zero Tax Act of 2008 - 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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1