S4750Referred to Committee

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.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-11
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Ted Budd
Ted Budd
Republican · NC · Senator
Votes with party: 73.8% (817 recorded votes)

Full profile: /officials/B001305

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-06-11

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would clarify tax rules for companies that build semiconductor manufacturing facilities in outer space, specifically how they can claim advanced manufacturing investment credits—tax breaks designed to encourage domestic manufacturing. This would affect aerospace companies and semiconductor manufacturers considering space-based production by removing uncertainty about whether they qualify for these tax incentives. The bill is currently under review by the Senate Finance Committee.

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