Search Results: keywords:"space industry"

  • S. 3823 — To amend the Internal Revenue Code of 1986 to treat spaceports like airports for purposes of exempt facility bond rules.
    Status:Introduced in Senate
    Words:913

    S. 3823 is a bill proposed in the United States Senate to amend the Internal Revenue Code of 1986. The bill aims to treat spaceports the same way as airports when it comes to the rules about certain tax-exempt facility bonds. This change would mean that spaceports could...

    Simple Explanation

    S. 3823 is a plan to help places where rockets are launched, called spaceports, get the same money-saving tools that airports do, making it easier for them to grow. It also gives special rules about what counts as a spaceport and how they rent land.

  • H. R. 7470 — To amend the Internal Revenue Code of 1986 to treat spaceports like airports for purposes of exempt facility bond rules.
    Status:Introduced in House
    Words:926

    H.R. 7470 is a bill that aims to amend the Internal Revenue Code to treat spaceports similarly to airports concerning rules for exempt facility bonds. The bill defines a spaceport as a facility near a launch or reentry site that is used for various space-related activities,...

    Simple Explanation

    H.R. 7470 is a bill that wants to treat spaceports, where spaceships take off and land, just like airports when it comes to special money rules. This means that these spaceports can get some financial help without having to be open for everyone to use.

  • H. R. 10320 — To amend title 51, United States Code, to establish a Commercial Space Transportation Administration, and for other purposes.
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    Status:Introduced in House
    Words:1,657

    H.R. 10320, also known as the “New Space Age Act of 2024,” aims to amend title 51 of the United States Code to create a new Commercial Space Transportation Administration within the Department of Transportation. This administration will promote the growth and technological...

    Simple Explanation

    H.R. 10320 is a plan to create a new team to help manage and grow space travel businesses in the U.S., with a special focus on making sure everything is safe and works well, using $50 million each year to help do this.