Semiconductor Superiority Act

Tax credit for space manufacturers

If enacted, the bill would let companies that build or own advanced manufacturing facilities in outer space count more types of property for the existing advanced manufacturing investment tax credit. Outer space would explicitly include low-Earth orbit. Property used to transport crew, goods, equipment, material, or supplies to and from a space facility, or property that is not physically located in outer space, would still be treated as part of the facility for the credit. The bill would exclude rockets or similar launch vehicles built to lift payloads from Earth. It would also add a special rule under section 50(b) for qualified property that is part of a space facility and is held by a U.S. person if that property was launched from within the United States. These changes would apply to property placed in service after the date of enactment.