What does Preamble of Semiconductor Superiority Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The amendment concerns the application of the advanced manufacturing investment credit. Specifically, it addresses semiconductor manufacturing facilities located in outer space.

What does SHORT TITLE. of Semiconductor Superiority Act do?

This Act is formally titled the Semiconductor Superiority Act.

What does CLARIFYING APPLICATION OF ADVANCED MANUFACTURING INVESTMENT of Semiconductor Superiority Act do?

This section amends the Internal Revenue Code of 1986 to clarify the application of the advanced manufacturing investment credit (section 48D) to facilities located in outer space. It specifies that qualified property used to transport materials or crew to and from such facilities, or not located in outer space, should not disqualify a facility from receiving the credit. The definition of 'outer space' includes low-Earth orbit. Rockets and similar launch vehicles are excluded from being considered 'qualified property' for this credit. Section 50 of the Internal Revenue Code is also amended to include qualified property related to advanced manufacturing facilities in outer space in certain depreciation rules. The amendments apply to property placed in service after the date of enactment of this Act.

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Semiconductor Superiority Act

Last updated: 5/21/2026 · Introduced: 5/21/2026

Author: Vern Buchanan (R-FL)

TL;DR (AI)

The bill extends the advanced manufacturing investment credit to semiconductor manufacturing facilities located in outer space, including low-Earth orbit.
It excludes rockets and similar launch vehicles from disqualifying a facility from receiving the investment credit.
The bill modifies depreciation rules to include qualified property related to advanced manufacturing facilities in outer space.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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