The Semiconductor Superiority Act clarifies that companies can claim federal tax credits for advanced semiconductor manufacturing facilities located in outer space, including those in low-Earth orbit. The bill amends the Internal Revenue Code to specify that equipment used to transport crew, supplies, and materials to and from space-based semiconductor facilities qualifies for the advanced manufacturing investment credit, as do support operations like flight control and crew habitation in space. The legislation takes effect for property placed in service after the bill's enactment and applies specifically to facilities owned by United States persons that were launched from within the United States. This change would allow companies investing in next-generation space-based semiconductor manufacturing to receive the same tax incentives available for terrestrial facilities, though the bill excludes launch vehicles themselves from the tax credit benefits.
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