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United States · Bill · S

S. 3875 (116th)

American Space Commerce Act of 2020

referredUnited States· United States Congress· EN

Introduced

3 June 2020

Last action

3 June 2020 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Rubio, Marco [R-FL], Sen. Scott, Rick [R-FL], Sen. Cruz, Ted [R-TX], Sen. Wicker, Roger F. [R-MS], Sen. Feinstein, Dianne [D-CA]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

American Space Commerce Act of 2020 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, 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 June 2020

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 3 June 2020

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 3 June 2020

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 3 June 2020

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 3 June 2020

    Open at official source

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Sponsors

Related records

Sources

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