Invest in Space Now Act of 2001

Fact Sheet API

Bill Number

HR 2177

Introduced

Jun 14, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Administrative procedure Auditing Commerce Department of Transportation Finance and Financial Sector Government Operations and Politics Government paperwork Income tax Investment tax credit Law Licenses Space activities Space commercialization Spacecraft Stocks Tax credits Taxation

Full Text

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Votes

Summary

Invest in Space Now Act of 2001 - Amends the Internal Revenue Code to allow a credit for the purchase of space transportation vehicle provider stock (as defined by this Act). Sets forth separate credit limitations for large and small capitalization providers, as well as aggregate annual limitations.

Directs the Secretary of Transportation to carry out a United States Commercial Space Transportation Vehicle Industry Authorization Program to provide tax credit eligibility to support qualified commercial space transportation vehicle development startup ventures.

Actions

Jun 14, 2001

Referred to the House Committee on Ways and Means.
Jun 14, 2001

Introduced in House

Amendments

Related Bills