,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fghc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #h1 #bjbj,mr4 ,posey 7= himself & ,mr4 ,cri/7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to provide bonus depreciation = c]ta9 space laun* exp5ditures1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,space ,comm]ce ,act ( #bjbj4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,unit$ ,/ates is ! only nation ) a competitive comm]cial space laun* indu/ry4 7#b7 ,a robu/ dome/ic laun* indu/ry & capability is crucial to ! ,unit$ ,/ates cont9u+ economic1 national security1 sci5tific1 & exploration lead]%ip4 7#c7 ,comm]cial space laun* vehicles manufactur$ & laun*$ 9 ! ,unit$ ,/ates by ,unit$ ,/ates laun* s]vice provid]s b5efit national security & ! national economy1 e>? & space sci5ce1 & human spaceflight1 & are enabl]s ( ! global space economy4 7#d7 ,comm]cial space laun* vehicles manufactur$ & laun*$ 9 ! ,unit$ ,/ates by ,unit$ ,/ates laun* s]vice provid]s are us$ = virtually all ,unit$ ,/ates national security payloads1 & !re=e1 are indisp5sable to ! security ( ! ,unit$ ,/ates1 z well z its allies & fri5ds4 7#e7 ,multiple ,am]ican companies are develop+ small laun* vehicles to compete 9 ! dome/ic & int]national comm]cial laun* m>ket4 ,^! companies are f9anc$ pr$om9ately by private capital1 are indep5d5tly develop+ capabilities1 & are prim>ily s]v+ comm]cial cu/om]s4 7#f7 ,sev]al =eign gov]nm5ts h tak5 notice ( ,u4,s4 m>ket gr[? & h begun to fund _! own vehicles to compete )9 ! same m>ket4 ,:ile "s ( ^! int]national vehicles are putatively 8private01 mo/ b5efit f subsidies or developm5tal support f _! national gov]nm5ts4 7#g7 ,! #bjai ,report to ,congress ( ! ,unit$ ,/ates-,*9a ,economic & ,security ,review ,commission /at$1 ,*9a is tak+ /eps to e/abli% a comm&+ position 9 ! comm]cial laun* & satellite sectors rely+ 9 "p on aggressive /ate-back$ f9anc+ t =eign m>ket-driv5 companies _c mat*4 7#h7 ,! report fur!r adds1 ,*9a has already succe$$ 9 und]cutt+ "s ,u4,s4 & o!r =eign laun* & satellite provid]s 9 ! int]national m>ket1 ?reat5+ to holl[ out ^! c\ntries' space indu/rial bases4 7#i7 ,*9a ann\nc$ a plan to advance its ,space ambitions by creat+ a ,space ,economic ,zone to g5]ate #aj trillion annually4 7#aj7 ,! ,u4,s4 comm]cial laun* indu/ry1 ^: viability ! ,national ,a]onautics & ,space ,adm9i/ration & ! ,dep>tm5t ( ,def5se dep5d on to laun* critical national assets1 is =c$ to compete ) /ate-back$ laun* ent]prises across ! globe ^: laun* provid]s are n requir$ to be pr(itable4 7#aa7 ,a /rong dome/ic space laun* indu/ry is 9 ! national security int]e/ ( ! ,unit$ ,/ates4 7#ab7 ,=eign laun* provid]s are heavily subsidiz$ by _! gov]nm5ts & use ^! subsidies to int5tionally price bel[ co/ 9 an ef=t to und]cut ,am]ican competition1 mat]ially h>m+ ! ,am]ican indu/rial base4 7#ac7 ,increas$ use ( ,unit$ ,/ates-manufactur$ comm]cial laun* vehicles laun*$ 9 ! ,unit$ ,/ates by ,unit$ ,/ates laun* s]vice provid]s %\ld be enc\rag$4 7#ad7 ,congress supports cont9u$ ,unit$ ,/ates lead]%ip 9 space4 #c4 ,special all[ance = qualifi$ dome/ic space laun* prop]ty 7a7 ,all[ance ( bonus depreciation = qualifi$ dome/ic space laun* prop]ty ,section #afh7k77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ 9 clause 7i71 by /rik+ or at ! end ( subclause 7,,iii71 by /rik+ or at ! end ( subclause 7,,iv71 by add+ or at ! end ( subclause 7,v71 & by add+ at ! end ! foll[+ new subclause3 7,,vi7 :i* is qualifi$ dome/ic space laun* prop]ty 7z def9$ 9 p>agraph 7#aa771 4 7b7 ,ext5sion ( t]m9ation ( bonus depreciation = qualifi$ dome/ic space laun* prop]ty 7#a7 ,9 g5]al ,section #afh7k77#b77;,a77iii7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ be=e ,janu>y #a1 #bjbg4 & ins]t+ be=e ,janu>y #a1 #bjbg 79 ! case ( qualifi$ dome/ic space laun* prop]ty1 be=e ,janu>y #a1 #bjcc744 7#b7 ,application ( applicable p]c5tage ,section #afh7k77#f7 ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ,rule = qualifi$ dome/ic space laun* prop]ty ,not)/&+ any o!r provisions ( ?is p>agraph1 9 ! case ( any qualifi$ prop]ty :i* is qualifi$ dome/ic space laun* prop]ty1 ! t]m applicable p]c5tage means1 9 ! case ( prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbc1 & be=e ,janu>y #a1 #bjcc1 #ajj p]c5t4 4 7c7 ,qualifi$ dome/ic space laun* prop]ty def9$ ,section #afh7k7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#aa7 ,qualifi$ dome/ic space laun* prop]ty def9$ ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m qualifi$ dome/ic space laun* prop]ty means prop]ty plac$ 9 s]vice be=e ,janu>y #a1 #bjcc1 t is-- 7i7 a space transportation vehicle or payload 7z su* t]ms are def9$ 9 section #ejaja ( title #ea1 ,unit$ ,/ates ,code7 t is laun*$ f ! ,unit$ ,/ates1 or 7ii7 o!r prop]ty or equipm5t plac$ 9 s]vice = ! purpose ( facilitat+ a space laun* f ! ,unit$ ,/ates4 7,b7 ,special rule = space laun*es f aircraft ,a space transportation vehicle or payload t is laun*$ f an aircraft %all be consid]$ to be laun*$ f ! ,unit$ ,/ates if1 & only if1 su* space transportation vehicle or payload is-- 7i7 sub/antially manufactur$ )9 ! ,unit$ ,/ates1 z det]m9$ by ! ,secret>y1 & 7ii7 laun*$ f an aircraft on a flight t orig9at$ f ,unit$ ,/ates soil4 7,c7 ,unit$ ,/ates ,! t]m ,unit$ ,/ates includes ! possessions ( ! ,unit$ ,/ates4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjbc4