US HB6783 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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, 2023, 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.

Tracking Information

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Title

American Space Commerce Act of 2020

Sponsors


History

DateChamberAction
2020-05-08HouseReferred to the House Committee on Ways and Means.
2020-05-08HouseIntroduced in House

Same As/Similar To

SB3875 (Related) 2020-06-03 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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