Invest in Space Now Act of 2003
Latest action · Jun 5, 2003 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 5, 2003
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Invest in Space Now Act of 2003 - 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.
Cosponsors 16
Members who signed on, in the order they did. Signatures ran from Jun 5, 2003 to Apr 28, 2004; 14 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Dave Weldon | Original | Jun 5, 2003 |
| R-WI | F. James Sensenbrenner, Jr. | Original | Jun 5, 2003 |
| R-OK | Frank D. Lucas | Original | Jun 5, 2003 |
| R-TX | Joe Barton | Original | Jun 5, 2003 |
| R-CA | John T. Doolittle | Original | Jun 5, 2003 |
| D-CA | Lois Capps | Original | Jun 5, 2003 |
| R-FL | Mark Foley | Original | Jun 5, 2003 |
| D-TX | Max Sandlin | Original | Jun 5, 2003 |
| R-TX | Michael C. Burgess | Original | Jun 5, 2003 |
| R-CA | Randy (Duke) Cunningham | Original | Jun 5, 2003 |
| R-TX | Ron Paul | Original | Jun 5, 2003 |
| R-MD | Roscoe G. Bartlett | Original | Jun 5, 2003 |
| D-TX | Ruben Hinojosa | Original | Jun 5, 2003 |
| D-TX | Solomon P. Ortiz | Original | Jun 5, 2003 |
| R-TX | Lamar Smith | Jun 9, 2003 | |
| D-OK | Brad Carson | Apr 28, 2004 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jun 5, 2003 |
Actions 2
Everything that happened, newest first.
- Jun 5, 2003Introduced in House
- Jun 5, 2003Referred to the House Committee on Ways and Means.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to encourage the timely development of a more cost effective United States commercial space transportation industry, and for other purposes.
- Short Titles as Introduced
- Invest in Space Now Act of 2003
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative procedure
- Auditing
- Commerce
- Department of Transportation
- Finance and Financial Sector
- Government Operations and Politics
- Government paperwork
- Income tax
- Investments
- Law
- Licenses
- Space activities
- Space commercialization
- Spacecraft
- Stocks
- Tax credits
- Taxation
- Transportation and Public Works
Text 1
Each version as it was printed, newest first.
- Jun 5, 2003Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.