Zero Gravity, Zero Tax Act of 2005

Summary

Zero Gravity, Zero Tax Act of 2005 - Amends the Internal Revenue Code to: (1) exclude from gross income space-related income from products or articles produced, or services provided, in or from outer space; (2) allow an investment tax credit for the purchase of stock in a space company that has average annual gross receipts not exceeding $100 million and that derives more than 70 percent of its gross receipts from space-based business; and (3) exclude from gross income gain from the sale or exchange of any stock of certain space corporations.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 March 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 1 March 2005

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• Introduced in House

  summary · EN · 1 March 2005

  Open at official source

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