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S 589 118th Congress Senate Taxation Aviation and airports Business investment and capital Income tax deductions Space flight and exploration Spacecraft and satellites

American Space Commerce Act of 2023

Introduced: March 1, 2023 See on congress.gov
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2023
Read twice and referred to the Committee on Finance.
Mar 1, 2023
Introduced in Senate
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 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.

What's happening now March 1, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1363 Identical bill American Space Commerce Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Cruz, Ted
Texas · Mar 1, 2023
 R
Scott, Rick
Florida · Mar 1, 2023
 R
Wicker, Roger F.
Mississippi · Mar 1, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 589: American Space Commerce Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-589/
MLA
"S. 589: American Space Commerce Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-589/.
Bluebook (legal)
S. 589, 118th Cong. (2026), https://openamerica.io/bill/118-S-589/.
Markdown link
[S. 589: American Space Commerce Act of 2023](https://openamerica.io/bill/118-S-589/)
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