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Senate bill offers more incentives for private spaceflight

Tax breaks could last until 2033.
Jon Fingas, @jonfingas
June 7, 2020
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SpaceX Falcon 9 first stage lands after Crew Dragon Demo-2 mission
SpaceX, Flickr

Politicians are seizing on Crew Dragon fervor to offer more incentives for private spaceflight. A group of US senators including Marco Rubio, Dianne Feinstein and Ted Cruz have put forward the American Space Commerce Act, a bill that would expand perks for companies like SpaceX. It would extend depreciation-related tax deductions by another 10 years to the start of 2033, and would make clear that incentives should go to spacecraft either launched from or “substantially manufactured” in the US.

There’s a House version of the bill (HR 6783). Not surprisingly, the bill has the backing of the companies it’s most likely to affect, including SpaceX, Blue Origin, Boeing and United Launch Alliance.

There’s no guarantee the bill will succeed, although its bipartisan sponsorship and industry clout could give it a higher chance of becoming law. It’s safe to say this reflects the interest in commercial spaceflight, at least — Congress is eager to see more US-based spaceflights, and it’s willing to offer significant perks to make that happen.

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