American Space Commerce Act of 2020
Sponsored By: Representative Posey, Bill [R-FL-8]
Unknown
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, 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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Posey, Bill [R-FL-8]
FL • R
Cosponsors
Rep. Crist, Charlie [D-FL-13]
FL • D
Sponsored 5/8/2020
Rep. Crawford, Eric A. "Rick" [R-AR-1]
AR • R
Sponsored 7/6/2020
Rep. Flores, Bill [R-TX-17]
TX • R
Sponsored 9/25/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov