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To amend the Internal Revenue Code of 1986 to clarify the application of the advanced manufacturing investment credit with respect to semiconductor manufacturing facilities located in outer space.
Summary
- Clarifies that semiconductor manufacturing facilities located in outer space (including low-Earth orbit) are eligible for the advanced manufacturing investment tax credit under federal tax law.
- Specifies that qualified property used to transport crew, goods, equipment, or supplies to and from outer space facilities, or property not located in outer space, may still be treated as part of the facility for tax credit purposes.
- Expands the definition of manufacturing functions related to outer space facilities to include flight control operations, crew habitation, facility repair, and transportation of crew and supplies.
- Excludes rockets and launch vehicles constructed to propel payloads into outer space from the definition of "qualified property" eligible for the tax credit.
- Applies only to property placed in service after enactment and requires that property be held by a United States person and launched from within the United States to qualify for the credit.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Budd, Ted [R-NC] (R-NC)
1 cosponsor
Actions (2)
- Jun 11, 2026 Read twice and referred to the Committee on Finance. · senate
- Jun 11, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
June 11, 2026
Mr. Budd (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to clarify the application of the advanced manufacturing investment credit with respect to semiconductor manufacturing facilities located in outer space.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Semiconductor Superiority Act”.
SEC. 2. CLARIFYING APPLICATION OF ADVANCED MANUFACTURING INVESTMENT CREDIT FOR SEMICONDUCTOR MANUFACTURING FACILITIES LOCATED IN OUTER SPACE.
(a) In General.—Section 48D(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(6) Application to facilities located in outer space.—
“(A) In general.—In the case of an advanced manufacturing facility which is located in outer space—
“(i) for purposes of paragraph (1), qualified property shall not fail to be treated as part of such facility solely because such qualified property is—
“(I) used to transport crew, goods, equipment, material, or supplies in outer space to and from such facility, or
“(II) not located in outer space, and
“(ii) for purposes of paragraph (2)—
“(I) property shall not fail to be treated as qualified property solely because such property is located in outer space,
“(II) with respect to subparagraph
(A)(iv), property shall not fail to be treated as integral to the operation of such facility solely because such property is— “(aa) used in the manner described in clause (i)(I), or “(bb) not located in outer space, and
“(III) with respect to subparagraph (B)(ii), functions related to manufacturing shall include— “(aa) flight control operations, “(bb) crew habitation in outer space,
“(cc) repair of the facility, and
“(dd) transportation of crew, goods, equipment, material, or supplies to and from the facility.
“(B) Outer space.—For purposes of this paragraph, the term ‘outer space’ shall include low-Earth orbit.
“(C) Exclusion.—For purposes of this subsection, the term ‘qualified property’ shall not include a rocket or similar launch vehicle constructed for the purpose of propelling a payload from Earth into outer space.”.
(b) Other Special Rules.—Section 50(b) of the Internal Revenue Code of 1986 is amended—
(1) in paragraph (1)(B), by inserting “or any qualified property which is part of an advanced manufacturing facility located in outer space (as such terms are defined under section 48D(b)) and held by a United States person if such property was launched from within the United States” after “section 168(g)(4)”, and
(2) in paragraph (2)—
(A) in subparagraph (C), by striking “and” at the end,
(B) in subparagraph (D), by striking the period at the end and inserting “; and”, and
(C) by adding at the end the following new subparagraph:
“(E) any qualified property which is part of an advanced manufacturing facility located in outer space (as such terms are defined under section 48D(b)).”.
(c) Effective Date.—The amendments made by this section shall apply to property placed in service after the date of enactment of this Act.
(d) Rule of Construction.—Nothing in this Act, or the amendments made by this Act, shall be construed to create any inference with respect to the allowance or determination of the advanced manufacturing investment credit under section 48D of the Internal Revenue Code of 1986 with respect to an advanced manufacturing facility located in outer space on or before the date of the enactment of this Act. <all>
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