H.R. 914 · 108th Congress
Zero Gravity, Zero Tax Act of 2003
- Stage
- In committee
- Sponsor
- Dana Rohrabacher
- Introduced
- 2003-02-25
- Latest action
- 2003-02-25 · Introduced in House
Summary
Zero Gravity, Zero Tax Act of 2003 - 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.