,,ii  #aafth ,,congress  #b;d ,session  
,s4 #chge  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #c1      
#bjbj,mr4 ,rubio 7for himself1 ,mr4     
,scott of ,florida1 ,mr4 ,cruz1 ,mr4    
,wicker1 and ,mrs4 ,feinstein7          
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend the ,internal ,revenue ,code of   
#aihf to provide bonus depreciation for 
certain space launch expenditures1 and  
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,american
 ,space ,commerce ,act of #bjbj4  #b4   
,special allowance for qualified        
domestic space launch property  7a7     
,allowance of bonus depreciation for    
qualified domestic space launch property
 ,section #afh7k77#b77;,a7 of the       
,internal ,revenue ,code of #aihf is    
amended in clause 7i71 by striking or at
 the end of subclause 7,,iii71 by       
striking or at the end of subclause     
7,,iv71 by adding or at the end of      

subclause 7,v71 and by adding at the end
 the following new subclause3  7,,vi7   
which is qualified domestic space launch
 property 7as defined in paragraph      
7#aa771  4  7b7 ,extension of           
termination of bonus depreciation for   
qualified domestic space launch property
  7#a7 ,in general ,section             
#afh7k77#b77;,a77iii7 of the ,internal  
,revenue ,code of #aihf is amended by   
striking before ,january #a1 #bjbg4 and 
inserting before ,january #a1 #bjbg 7in 
the case of qualified domestic space    
launch property1 before ,january #a1    
#bjcc744  7#b7 ,application of          
applicable percentage ,section          
#afh7k77#f7 of such ,code is amended by 
adding at the end the following new     
subparagraph3  7,d7 ,rule for qualified 
domestic space launch property          
,notwithstanding any other provisions of
 this paragraph1 in the case of any     
qualified property which is qualified   
domestic space launch property1 the term
 applicable percentage means1 in the    

case of property placed in service after
 ,december #ca1 #bjbc1 and before       
,january #a1 #bjcc1 #ajj percent4  4    
7c7 ,qualified domestic space launch    
property defined ,section #afh7k7 of the
 ,internal ,revenue ,code of #aihf is   
amended by adding at the end the        
following new paragraph3  7#aa7         
,qualified domestic space launch        
property defined ,for purposes of this  
subsection-- 7,a7 ,in general ,the term 
qualified domestic space launch property
 means property placed in service before
 ,january #a1 #bjcc1 that is-- 7i7 a    
space transportation vehicle or payload 
7as such terms are defined in section   
#ejaja of title #ea1 ,united ,states    
,code7 that is launched from the ,united
 ,states1 or  7ii7 other property or    
equipment placed in service for the     
purpose of facilitating a space launch  
from the ,united ,states4  7,b7 ,special
 rule for space launches from aircraft  
,a space transportation vehicle or      
payload that is launched from an        

aircraft shall be considered to be      
launched from the ,united ,states if1   
and only if1 such space transportation  
vehicle or payload is-- 7i7             
substantially manufactured within the   
,united ,states1 as determined by the   
,secretary1 and  7ii7 launched from an  
aircraft on a flight that originated    
from ,united ,states soil4  7,c7 ,united
 ,states ,the term ,united ,states      
includes the possessions of the ,united 
,states4  4  7d7 ,effective date ,the   
amendments made by this section shall   
apply to property placed in service     
after ,december #ca1 #bjbc4