H.R. 2504 — Zero Gravity, Zero Tax Act of 2001

Summary

Zero Gravity, Zero Tax Act of 2001 - Amends the Internal Revenue Code to exclude from gross income: (1) space-related income; and (2) gain on the sale or exchange of any stock of a qualified space corporation.

Establishes a space company investment credit for the purchase of qualified stock in a qualified space company.

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Legislative Actions

2001-07-16
Introduced in House
2001-07-16
Introduced in House
2001-07-16
Referred to the House Committee on Ways and Means.

Zero Gravity, Zero Tax Act of 2001

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Summary

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