118th Congress · HOUSE BILLBILL

H.R. 1363American Space Commerce Act of 2023

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

Taxation
Introduced Mar 3, 2023
Last action Dec 17, 2024
Pipeline · Bill → Law
Step 1
Introduced
Mar 3, 2023
Step 2
Referred
Dec 17, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House
Timeline · 3 actions
Dec 17, 2024
Referred to the Subcommittee on Trade.
Mar 3, 2023
Introduced in House
Mar 3, 2023
Referred to the House Committee on Ways and Means.