Semiconductor Superiority Act

The Semiconductor Superiority Act expands the advanced manufacturing investment credit to include semiconductor facilities located in outer space, specifically low-Earth orbit. This provision allows companies to claim tax credits for equipment used in space-based manufacturing, even if some components are not physically located in orbit or are used for transporting crew and supplies. The bill also clarifies that flight control, crew habitation, and repair activities in space count as manufacturing functions for the purpose of this credit. Additionally, the law excludes rockets and launch vehicles from qualifying as eligible property under this new rule. These changes apply only to facilities and equipment placed in service after the act is enacted.