American Space Commerce Act of 2023

This bill extends a 100% bonus depreciation tax incentive for U.S. companies investing in space launch infrastructure. It applies to property like launch vehicles, payloads, and equipment used for U.S.-based space launches (including aircraft-launched systems meeting U.S. manufacturing requirements) placed in service between 2024 and 2032. The key change modifies tax law to extend the deadline for qualifying property from 2027 to 2033 and maintains full depreciation for eligible investments during that period. This directly benefits domestic space launch businesses by reducing their upfront costs for qualifying equipment.