In CommitteeFiled May 21, 2026
Sponsor: Rep. Buchanan, Vern [R-FL-16] (R)
Latest Action
Referred to the House Committee on Ways and Means.
May 21, 2026
Summary
The bill changes the Internal Revenue Code to let semiconductor manufacturing plants located in outer space, including low‑Earth orbit, qualify for the advanced manufacturing investment tax credit. It defines which equipment and activities count as qualified property and specifically excludes rockets from the credit. The change is meant to give U.S. chip makers tax incentives for building factories off Earth.
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