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Proposal:American Space Commerce Act of 2021

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.
Geographic Scope
National

Description

American Space Commerce Act of 2021

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.

Bill Title

American Space Commerce Act of 2021

Linked Goals

Steps

  • 2021-02-25: Referred to the House Committee on Ways and Means.
  • 2021-02-25: Introduced in House
  • 2021-02-25: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.