,,ii  #aai? ,,congress  #b;d ,session   
,s4 #dgej  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #aa1 #bjbf,mr4   
,budd 7= himself & ,mr4 ,b5net7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to cl>ify !       
application ( ! advanc$ manufactur+     
inve/m5t cr$it ) respect to             
semiconductor manufactur+ facilities    
locat$ 9 out] space4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,semiconductor
 ,sup]iority ,act4  #b4 ,cl>ify+        
application ( advanc$ manufactur+       
inve/m5t cr$it = semiconductor          
manufactur+ facilities locat$ 9 out]    
space  7a7 ,9 g5]al ,section #dh;,d7b7 (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#f7 ,application to         
facilities locat$ 9 out] space  7,a7 ,9 
g5]al ,9 ! case ( an advanc$ manufactur+
 facility :i* is locat$ 9 out] space--  
7i7 = purposes ( p>agraph 7#a71 qualifi$

 prop]ty %all n fail to be treat$ z "p (
 su* facility solely because su*        
qualifi$ prop]ty is-- 7,i7 us$ to       
transport crew1 goods1 equipm5t1        
mat]ial1 or supplies 9 out] space to & f
 su* facility1 or  7,,ii7 n locat$ 9    
out] space1 &  7ii7 = purposes (        
p>agraph 7#b7-- 7,i7 prop]ty %all n fail
 to be treat$ z qualifi$ prop]ty solely 
because su* prop]ty is locat$ 9 out]    
space1  7,,ii7 ) respect to subp>agraph 
7,a77iv71 prop]ty %all n fail to be     
treat$ z integral to ! op]ation ( su*   
facility solely because su* prop]ty is--
 7aa7 us$ 9 ! mann] describ$ 9 clause   
7i77,i71 or  7bb7 n locat$ 9 out] space1
 &  7,,iii7 ) respect to subp>agraph    
7,b77ii71 functions relat$ to           
manufactur+ %all include-- 7aa7 flight  
control op]ations1  7bb7 crew habitation
 9 out] space1  7cc7 repair ( !         
facility1 &  7dd7 transportation ( crew1
 goods1 equipm5t1 mat]ial1 or supplies  
to & f ! facility4  7,b7 ,out] space ,= 
purposes ( ?is p>agraph1 ! t]m out]     

space %all include l[-,e>? orbit4  7,c7 
,exclusion ,= purposes ( ?is subsection1
 ! t]m qualifi$ prop]ty %all n include a
 rocket or simil> laun* vehicle         
con/ruct$ = ! purpose ( propell+ a      
payload f ,e>? into out] space4  4  7b7 
,o!r special rules ,section #ej7;b7 ( ! 
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 9 p>agraph 7#a77;,b71 by   
ins]t+ or any qualifi$ prop]ty :i* is "p
 ( an advanc$ manufactur+ facility      
locat$ 9 out] space 7z su* t]ms are     
def9$ "u section #dh;,d7b77 & held by a 
,unit$ ,/ates p]son if su* prop]ty 0    
laun*$ f )9 ! ,unit$ ,/ates aft] section
 #afh7;g77#d71 &  7#b7 9 p>agraph 7#b7--
 7,a7 9 subp>agraph 7,c71 by /rik+ & at 
! end1  7,b7 9 subp>agraph 7,d71 by     
/rik+ ! p]iod at ! end & ins]t+ 2 &1 &  
7,c7 by add+ at ! end ! foll[+ new      
subp>agraph3  7,e7 any qualifi$ prop]ty 
:i* is "p ( an advanc$ manufactur+      
facility locat$ 9 out] space 7z su* t]ms
 are def9$ "u section #dh;,d7b774  4    
7c7 ,effective date ,! am5dm5ts made by 

?is section %all apply to prop]ty plac$ 
9 s]vice aft] ! date ( enactm5t ( ?is   
,act4  7d7 ,rule ( con/ruction ,no?+ 9  
?is ,act1 or ! am5dm5ts made by ?is     
,act1 %all be con/ru$ to create any     
inf]5ce ) respect to ! all[ance or      
det]m9ation ( ! advanc$ manufactur+     
inve/m5t cr$it "u section #dh;,d ( !    
,int]nal ,rev5ue ,code ( #aihf ) respect
 to an advanc$ manufactur+ facility     
locat$ 9 out] space on or be=e ! date ( 
! enactm5t ( ?is ,act4