Zero Gravity, Zero Tax Act of 2003
Last action on Feb 25, 2003Referred to the House Committee on Ways and Means.
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Summary
Zero Gravity, Zero Tax Act of 2003 - Amends the Internal Revenue Code to exclude from gross income: (1) space-related income; and (2) gain on the sale or exchange of any stock of a qualified space corporation.
Establishes a space company investment credit for the purchase of qualified stock in a qualified space company.
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