Clarifies the application of the advanced manufacturing investment credit for semiconductor manufacturing facilities located in outer space.
The Semiconductor Superiority Act amends the Internal Revenue Code to clarify the application of the advanced manufacturing investment credit for semiconductor manufacturing facilities located in outer space. It specifies that certain property used in these facilities, including flight control operations and crew habitation, qualifies for the credit. The changes apply to property placed in service after the enactment of this Act.
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