Space transportation tax credit bill introduced
Posted: Fri, Jun 15, 2001, 2:39 PM ET (1839 GMT)
Several members of Congress introduced legislation Thursday that would provide tax credits for those who invest in new commercial launch vehicle projects. The "Invest in Space Now Act", HR 2177, was introduced in the US House of Representatives Thursday by Reps. Ken Calvert (R-CA) and Solomon Ortiz (D-TX). The bill features 14 co-sponsors, including Dave Weldon (R-FL), vice-chairman of the space subcommittee of the House Science Committee, and former Science Committee chairman James Sensenbrenner (R-WI). The legislation would provide tax credits for those who invest in next-generation launch systems that promise to significant reduce launch costs. ProSpace, a citizens' space lobbying group, has pushed for such tax credits for some time, considering them a more effective way to support the development of new launch vehicles than loan guarantees or NASA's Space Launch Initiative.
Several members of Congress introduced legislation Thursday that would provide tax credits for those who invest in new commercial launch vehicle projects. The "Invest in Space Now Act", HR 2177, was introduced in the US House of Representatives Thursday by Reps. Ken Calvert (R-CA) and Solomon Ortiz (D-TX). The bill features 14 co-sponsors, including Dave Weldon (R-FL), vice-chairman of the space subcommittee of the House Science Committee, and former Science Committee chairman James Sensenbrenner (R-WI). The legislation would provide tax credits for those who invest in next-generation launch systems that promise to significant reduce launch costs. ProSpace, a citizens' space lobbying group, has pushed for such tax credits for some time, considering them a more effective way to support the development of new launch vehicles than loan guarantees or NASA's Space Launch Initiative.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Monday, June 22
Seasoned leadership could help Quantum Space’s IPO take off
The Hill — 6:34 am ET (1034 GMT) No one wants AI data centers on Earth. Do they make sense in space?
CNBC — 6:31 am ET (1031 GMT) SpaceX Shares Poised to Fall Again as US Market Reopens
Bloomberg News — 6:26 am ET (1026 GMT) SpaceX stock drops again after rally following blockbuster IPO
CNBC — 6:26 am ET (1026 GMT) India's space economy is taking off — and states want a bigger share of the opportunity
Firstpost — 6:25 am ET (1025 GMT) |
