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    <number>5310</number>
    <updateDate>2023-01-11T13:15:05Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:15:05Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2008-02-07</introducedDate>
    <congress>110</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2008-02-07T15:07:30Z</date>
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    <actions>
      <item>
        <actionDate>2008-02-07</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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        <actionDate>2008-02-07</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2008-02-07</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>R000409</bioguideId>
        <fullName>Rep. Rohrabacher, Dana [R-CA-46]</fullName>
        <firstName>DANA</firstName>
        <lastName>ROHRABACHER</lastName>
        <party>R</party>
        <state>CA</state>
        <district>46</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>W000267</bioguideId>
        <fullName>Rep. Weldon, Dave [R-FL-15]</fullName>
        <firstName>DAVE</firstName>
        <lastName>WELDON</lastName>
        <party>R</party>
        <state>FL</state>
        <district>15</district>
        <sponsorshipDate>2008-02-07</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000059</bioguideId>
        <fullName>Rep. Calvert, Ken [R-CA-44]</fullName>
        <firstName>KEN</firstName>
        <lastName>CALVERT</lastName>
        <party>R</party>
        <state>CA</state>
        <district>44</district>
        <sponsorshipDate>2008-02-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Corporations</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Foreign Trade and International Finance</name>
        </item>
        <item>
          <name>Free trade</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Investment tax credit</name>
        </item>
        <item>
          <name>Manufacturing industries</name>
        </item>
        <item>
          <name>Service industries</name>
        </item>
        <item>
          <name>Space activities</name>
        </item>
        <item>
          <name>Space commercialization</name>
        </item>
        <item>
          <name>Stocks</name>
        </item>
        <item>
          <name>Tariff</name>
        </item>
        <item>
          <name>Tax exclusion</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-02-07</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-02-16T17:07:59Z</updateDate>
        <text><![CDATA[ <p>Zero Gravity, Zero Tax Act of 2008 - Amends the Internal Revenue Code to: (1) exclude from gross income space-related income from products or articles produced, or services provided, in or from outer space; (2) allow an investment tax credit for the purchase of stock in a space company that has average annual gross receipts not exceeding $100 million and that derives more than 70 percent of its gross receipts from space-based business; and (3) exclude from gross income gain from the sale or exchange of any stock of certain space corporations.</p>]]></text>
      </summary>
    </summaries>
    <title>Zero Gravity, Zero Tax Act of 2008</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Zero Gravity, Zero Tax Act of 2008</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide tax incentives for investing in companies involved in space-related activities.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Zero Gravity, Zero Tax Act of 2008</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2008-02-07T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-110hr5310ih/xml/BILLS-110hr5310ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2008-02-07</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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