Honor and Remember Flag Recognition Act

House Bill

H.R. 1363

119th Congress

Honor and Remember Flag Recognition Act

In Committee

Introduced:May 29, 2025

Primary Sponsor

Donald G. Davis

Representative

Democratic

NC-1

Cosponsors

1

Quick Stats

Policy Area

Taxation

Summary

This bill would allow companies that manufacture and launch space vehicles and related equipment in the United States to get special tax breaks on those investments. The goal is to encourage more domestic space industry activity and growth.

Latest Action

Referred to the Subcommittee on Trade.

SponsorDonald G. Davis (D-NC)

Introduced5/29/2025

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

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Vote Prediction

Honor and Remember Flag Recognition Act

This bill would allow companies that manufacture and launch space vehicles and related equipment in the United States to get special tax breaks on those investments. The goal is to encourage more domestic space industry activity and growth.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would allow companies that manufacture and launch space vehicles and related equipment in the United States to get special tax breaks on those investments. The goal is to encourage more domestic space industry activity and growth.

Bill Number: 1363
Sponsor: Donald G. Davis (D-NC)
Introduced: 5/29/2025
Status: Referred to the House Committee on the Judiciary.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Honor and Remember Flag Recognition Act
Bill Number: 1363
Sponsor: Donald G. Davis (D-NC)
Status: Referred to the House Committee on the Judiciary.
Introduced: 5/29/2025
Summary: This bill would allow companies that manufacture and launch space vehicles and related equipment in the United States to get special tax breaks on those investments. The goal is to encourage more domestic space industry activity and growth.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would allow companies that manufacture and launch space vehicles and related equipment in the United States to get special tax breaks on those investments. The goal is to encourage more domestic space industry activity and growth.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

American Space Commerce Act of 2023 This bill allows a special allowance for bonus depreciation for qualified domestic space launch property and extends the termination of such allowance until the end of 2032. The bill defines qualified domestic space launch property as property placed in service before January 1, 2033, that is (1) a space transportation vehicle or payload that is launched from the United States, or (2) other property or equipment placed in service to facilitate a space launch from the United States.

Key Points

Main provisions of the bill

Provides a tax incentive called 'bonus depreciation' for companies that invest in space launch vehicles and supporting equipment made in the U.S.
The tax break applies to property placed in service before January 1, 2033, so it's meant to support the space industry over the next decade.
Defines 'qualified domestic space launch property' as anything used to facilitate a space launch from the United States, including the launch vehicle and payload.

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would primarily benefit U.S. companies involved in the space launch industry, such as aerospace manufacturers, launch service providers, and satellite operators. It could incentivize more investment and growth in the domestic space sector, leading to potential economic and job benefits in communities with space industry presences.

Policy Areas

Primary Policy Area

Taxation

Related Subjects

Aviation and airports

Business investment and capital

Income tax deductions

Space flight and exploration

Spacecraft and satellites

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

1363, 119th Congress (2025). "Honor and Remember Flag Recognition Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-1363

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