American Space Commerce Act of 2023

HR 1363 extends a 100% tax deduction (bonus depreciation) for businesses investing in qualifying U.S. space launch infrastructure through 2032. It directly affects companies building or operating space launch vehicles, payloads, or related equipment launched from the United States. The bill defines "qualified domestic space launch property" to include ground-launched systems and aircraft-launched systems (if substantially manufactured in the U.S. and launched from U.S. soil). This tax incentive applies to property placed in service after December 31, 2023, aiming to support domestic space commerce.