Zero Gravity, Zero Tax Act of 2005
Latest action · Mar 1, 2005 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.
- IntroducedMar 1, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Zero Gravity, Zero Tax Act of 2005 - Amends the Internal Revenue Code to: (1) exclude from gross income space-related income from products or articles produced, or services provided, in or from outer space; (2) allow an investment tax credit for the purchase of stock in a space company that has average annual gross receipts not exceeding $100 million and that derives more than 70 percent of its gross receipts from space-based business; and (3) exclude from gross income gain from the sale or exchange of any stock of certain space corporations.
Cosponsors 4
Members who signed on, in the order they did. All signed on Mar 1, 2005.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Dave Weldon | Original | Mar 1, 2005 |
| R-OK | Frank D. Lucas | Original | Mar 1, 2005 |
| D-CA | Jane Harman | Original | Mar 1, 2005 |
| R-CA | Ken Calvert | Original | Mar 1, 2005 |
Actions 2
Everything that happened, newest first.
- Mar 1, 2005Introduced in House
- Mar 1, 2005Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 1, 2005Introduced 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.