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Tax Breaks to Boost US Commercial Space Launch Industry

This law introduces significant tax incentives for companies investing in US-made space vehicles and launch infrastructure. The goal is to strengthen the domestic space industry, protect jobs, and ensure national security against heavily subsidized foreign competition. Citizens indirectly benefit from enhanced technological independence and support for a critical economic sector.
Key points
Companies can immediately deduct 100% of the cost of investments in qualified domestic space launch property (known as bonus depreciation).
The incentive applies to rockets, payloads, and equipment facilitating launches from the US, and is extended until 2033.
The changes aim to counter unfair competition from foreign, state-backed space enterprises, securing vital national assets.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_1369
Sponsor: Rep. Posey, Bill [R-FL-8]
Process start date: 2021-02-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

American Space Commerce Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1369.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-25.

What are the main provisions?

Key points include:

  • Companies can immediately deduct 100% of the cost of investments in qualified domestic space launch property (known as bonus depreciation).
  • The incentive applies to rockets, payloads, and equipment facilitating launches from the US, and is extended until 2033.
  • The changes aim to counter unfair competition from foreign, state-backed space enterprises, securing vital national assets.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Posey, Bill [R-FL-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Economy Security