,,ii  #aaith ,,congress  #b;d ,session  
,s4 #dgej  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #aa1     
#bjbf,mr4 ,budd 7for himself and ,mr4   
,bennet7 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 clarify the application of the 
advanced manufacturing investment credit
 with respect to semiconductor          
manufacturing facilities located in     
outer space4  #a4 ,short title ,this    
,act may be cited as the ,semiconductor 
,superiority ,act4  #b4 ,clarifying     
application of advanced manufacturing   
investment credit for semiconductor     
manufacturing facilities located in     
outer space  7a7 ,in general ,section   
#dh;,d7b7 of the ,internal ,revenue     
,code of #aihf is amended by adding at  
the end the following new paragraph3    
7#f7 ,application to facilities located 
in outer space  7,a7 ,in general ,in the
 case of an advanced manufacturing      

facility which is located in outer      
space-- 7i7 for purposes of paragraph   
7#a71 qualified property shall not fail 
to be treated as part of such facility  
solely because such qualified property  
is-- 7,i7 used to transport crew1 goods1
 equipment1 material1 or supplies in    
outer space to and from such facility1  
or  7,,ii7 not located in outer space1  
and  7ii7 for purposes of paragraph     
7#b7-- 7,i7 property shall not fail to  
be treated as qualified property solely 
because such property is located in     
outer space1  7,,ii7 with respect to    
subparagraph 7,a77iv71 property shall   
not fail to be treated as integral to   
the operation of such facility solely   
because such property is-- 7aa7 used in 
the manner described in clause 7i77,i71 
or  7bb7 not located in outer space1 and
  7,,iii7 with respect to subparagraph  
7,b77ii71 functions related to          
manufacturing shall include-- 7aa7      
flight control operations1  7bb7 crew   
habitation in outer space1  7cc7 repair 

of the facility1 and  7dd7              
transportation of crew1 goods1          
equipment1 material1 or supplies to and 
from the facility4  7,b7 ,outer space   
,for purposes of this paragraph1 the    
term outer space shall include          
low-,earth orbit4  7,c7 ,exclusion ,for 
purposes of this subsection1 the term   
qualified property shall not include a  
rocket or similar launch vehicle        
constructed for the purpose of          
propelling a payload from ,earth into   
outer space4  4  7b7 ,other special     
rules ,section #ej7;b7 of the ,internal 
,revenue ,code of #aihf is amended--    
7#a7 in paragraph 7#a77;,b71 by         
inserting or any qualified property     
which is part of an advanced            
manufacturing facility located in outer 
space 7as such terms are defined under  
section #dh;,d7b77 and held by a ,united
 ,states person if such property was    
launched from within the ,united ,states
 after section #afh7;g77#d71 and  7#b7  
in paragraph 7#b7-- 7,a7 in subparagraph

 7,c71 by striking and at the end1  7,b7
 in subparagraph 7,d71 by striking the  
period at the end and inserting 2 and1  
and  7,c7 by adding at the end the      
following new subparagraph3  7,e7 any   
qualified property which is part of an  
advanced manufacturing facility located 
in outer space 7as such terms are       
defined under section #dh;,d7b774  4    
7c7 ,effective date ,the amendments made
 by this section shall apply to property
 placed in service after the date of    
enactment of this ,act4  7d7 ,rule of   
construction ,nothing in this ,act1 or  
the amendments made by this ,act1 shall 
be construed to create any inference    
with respect to the allowance or        
determination of the advanced           
manufacturing investment credit under   
section #dh;,d of the ,internal ,revenue
 ,code of #aihf with respect to an      
advanced manufacturing facility located 
in outer space on or before the date of 
the enactment of this ,act4