HR 4676 · 106th Congress · Taxation
Space Transportation Investment Act of 2000
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2000-06-15)
Plain Language Summary
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Space Transportation Investment Act of 2000 - Amends the Internal Revenue Code to allow a tax credit for the purchase of qualified space transportation vehicle provider stock (stock representing an investment in the development, production, and operation of commercial space transportation vehicles). Makes such credit a specified percentage of the amount of stock purchased during a calendar year, beginning with 50 percent for 2001 and gradually reducing such amount to ten percent for 2006 through 2010. Provides for the recapture of such credit when the stock issuer ceases to be qualified. Establishes a U.S. Commercial Space Transportation Vehicle Industry certification program to provide certification for tax credit qualification under the Code to multiple U.S. commercial space transportation vehicle providers developing vehicles with space transportation costs significantly below current levels. Directs the Secretary of Transportation to administer such program under a streamlined application process. Requires the program to provide eligibility for tax credits to investors to support financing of qualified commercial space transportation vehicle development ventures during startup …
Summarized by Claude AI · Non-partisan · For informational purposes only