To amend the Internal Revenue Code of 1986 to encourage the timely development of a more cost effective United States commercial space transportation industry, and for other purposes.
Invest in Space Now Act of 2003 - Amends the Internal Revenue Code to allow a credit for the purchase of space transportation vehicle provider stock (as defined by this Act). Sets forth separate credit limitations for large and small capitalization providers, as well as aggregate annual limitations.
Directs the Secretary of Transportation to carry out a United States Commercial Space Transportation Vehicle Industry Authorization Program to provide tax credit eligibility to support qualified commercial space transportation vehicle development startup ventures.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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