118th Congress Taxation
S. 589: American Space Commerce Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Ted Cruz R-TXOriginal
- Dianne Feinstein D-CAOriginal
- Rick Scott R-FLOriginal
- Roger Wicker R-MSOriginal
Who scored on this bill
- 1Marco Rubio SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Marco Rubio.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.