HR 1369
117th Congress
House
Taxation
Aviation and airports
Business investment and capital
Income tax deductions
Space flight and exploration
Spacecraft and satellites
American Space Commerce Act of 2021
Introduced: February 25, 2021
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 25, 2021
Referred to the House Committee on Ways and Means.
Feb 25, 2021
Introduced in House
Plain-English summary
American Space Commerce Act of 2021
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1