Summary: H.R.2504 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.2504. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/16/2001)

Zero Gravity, Zero Tax Act of 2001 - 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.