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H.R. 1363 118th Congress House

American Space Commerce Act of 2023

Official title: To amend the Internal Revenue Code of 1986 to provide bonus depreciation for certain space launch expenditures, and for other purposes.

Introduced: March 3, 2023 See on congress.gov
Taxation Aviation and airportsBusiness investment and capitalIncome tax deductionsSpace flight and explorationSpacecraft and satellites
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Trade.
Mar 3, 2023
Referred to the House Committee on Ways and Means.
Mar 3, 2023
Introduced in House
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 Latest action December 17, 2024

Referred to the Subcommittee on Trade.

 Plain-English summary Congressional Research Service

American Space Commerce Act of 2023

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.

 Related & companion bills 1
  • S 589 Identical bill American Space Commerce Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Soto, Darren
Florida · Mar 3, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1363: American Space Commerce Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1363/
MLA
"H.R. 1363: American Space Commerce Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1363/.
Bluebook (legal)
H.R. 1363, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1363/.
Markdown link
[H.R. 1363: American Space Commerce Act of 2023](https://openamerica.io/bill/118-HR-1363/)
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