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     &lt;p&gt;&lt;b&gt;American Space Commerce Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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 &lt;i&gt;qualified domestic space launch property&lt;/i&gt; 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. &lt;/p&gt;
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   American Space Commerce Act of 2021
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     American Space Commerce Act of 2021
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H11100
2021-02-25
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-02-25
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-02-25
9
Library of Congress
Introduced in House
IntroReferral
2021-02-25T15:01:15Z
Referred to
House
Ways and Means Committee
hswm00
Standing
C001111
13
Charlie
Rep. Crist, Charlie [D-FL-13]
Crist
D
2021-02-25
FL
D000627
10
Val
Rep. Demings, Val Butler [D-FL-10]
Demings
Butler
D
2021-06-30
FL
G000593
26
Carlos
Rep. Gimenez, Carlos A. [R-FL-26]
Gimenez
A.
R
2021-07-02
FL
S000168
27
Maria
Rep. Salazar, Maria Elvira [R-FL-27]
Salazar
Elvira
R
2021-07-09
FL
D000628
2
Neal
Rep. Dunn, Neal P. [R-FL-2]
Dunn
P.
R
2021-07-09
FL
S001214
17
W.
Rep. Steube, W. Gregory [R-FL-17]
Steube
Gregory
R
2021-07-13
FL
M001199
18
Brian
Rep. Mast, Brian J. [R-FL-18]
Mast
J.
R
2021-07-30
FL
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-02-25
2021-02-25
Referred to the House Committee on Ways and Means.
House
Taxation
2021-06-08
Read twice and referred to the Committee on Finance.
CRS
Related bill
American Space Commerce Act of 2021
S
P000599
8
Bill
Rep. Posey, Bill [R-FL-8]
N
Posey
R
FL
Aviation and airports Business investment and capital Income tax deductions Space flight and exploration Spacecraft and satellites
2021-02-25
Introduced in House
 <p><b>American Space Commerce Act of 2021</b></p> <p>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 <i>qualified domestic space launch property</i> 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. </p>
2021-04-07T13:26:48Z
00
2021-02-25T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1369ih/xml/BILLS-117hr1369ih.xml
American Space Commerce Act of 2021
American Space Commerce Act of 2021
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to provide bonus depreciation for certain space launch expenditures, and for other purposes.
Official Title as Introduced
IH
Introduced in House
American Space Commerce Act of 2021
Short Title(s) as Introduced
HR
2023-01-11T13:47:04Z
2023-01-11T13:47:04Z
3.0.0
2021-06-08
Read twice and referred to the Committee on Finance.
CRS
Related bill
American Space Commerce Act of 2021
S
H11100
2021-02-25
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-02-25
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-02-25
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Library of Congress
Introduced in House
IntroReferral
P000599
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Bill
Rep. Posey, Bill [R-FL-8]
N
Posey
R
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C001111
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Charlie
Rep. Crist, Charlie [D-FL-13]
Crist
D
2021-02-25
FL
D000627
10
Val
Rep. Demings, Val Butler [D-FL-10]
Demings
Butler
D
2021-06-30
FL
G000593
26
Carlos
Rep. Gimenez, Carlos A. [R-FL-26]
Gimenez
A.
R
2021-07-02
FL
S000168
27
Maria
Rep. Salazar, Maria Elvira [R-FL-27]
Salazar
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2021-07-09
FL
D000628
2
Neal
Rep. Dunn, Neal P. [R-FL-2]
Dunn
P.
R
2021-07-09
FL
S001214
17
W.
Rep. Steube, W. Gregory [R-FL-17]
Steube
Gregory
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2021-07-13
FL
M001199
18
Brian
Rep. Mast, Brian J. [R-FL-18]
Mast
J.
R
2021-07-30
FL
Aviation and airports Business investment and capital Income tax deductions Space flight and exploration Spacecraft and satellites
2021-02-25
Introduced in House
 <p><b>American Space Commerce Act of 2021</b></p> <p>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 <i>qualified domestic space launch property</i> 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. </p>
2021-04-07T13:26:48Z
00
American Space Commerce Act of 2021
American Space Commerce Act of 2021
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to provide bonus depreciation for certain space launch expenditures, and for other purposes.
Official Title as Introduced
IH
Introduced in House
American Space Commerce Act of 2021
Short Title(s) as Introduced
2021-02-25
Referred to the House Committee on Ways and Means.