legislation: 104-hr-1953

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
104-hr-1953 104 hr 1953 Space Business Incentives Act of 1995 Science, Technology, Communications 1995-06-28 1995-06-28 Referred to the House Committee on Ways and Means. House Rep. Walker, Robert S. [R-PA-16] PA R W000068 7 Space Business Incentives Act of 1995 - Amends the Internal Revenue Code to allow a deduction for an amount equal to the aggregate amount paid during the taxable year for the purchase of qualified Commercial Space Stock. Excludes gain on the sale or exchange of qualified space corporation stock held for more than five years, with limitations. Provides for the treatment of space launch and launch support facility bonds as exempt facility bonds. Excludes from gross income: (1) income from the commercial sale of any product manufactured in space and returned to Earth; and (2) income from any services performed in space in a commercial space activity. Exempts a product which was manufactured in space and which was launched from and returned to Earth or manufactured at a facility in outer space from all Federal excises, imposts, and duties and any other Federal tariffs. Directs the President to encourage State and local governments to offer tax and other incentives to encourage commercial space activities. 2025-08-21T20:17:09Z  

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