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- S.3875
S.3875: American Space Commerce Act of 2020
About This Bill
- Introduced June 3, 2020
- Latest Major Action June 3, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Version
- Introduced in Senate - June 3, 2020
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 3, 2020 |
Read twice and referred to the Committee on Finance.
|
| June 3, 2020 |
Introduced in the Senate by Marco Rubio (R-Fla.) |