Summary: H.R.914 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.914. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/25/2003)

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.