Bill · S. 4750· Senate(119-S-4750)
Semiconductor Superiority Act
- Introduced
- 6/11/2026
- Last activity
- 6/11/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Ted Budd
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Semiconductor Superiority Act amends the Internal Revenue Code of 1986 to clarify how the advanced manufacturing investment credit applies to semiconductor facilities in outer space. It specifies that property used for transporting crew and supplies, or property not located in outer space, can still be treated as part of such a facility. It defines outer space to include low-Earth orbit and clarifies that manufacturing functions include flight control, crew habitation, facility repair, and transportation. However, rockets or launch vehicles used to propel payloads from Earth are excluded from being qualified property. The act also updates Section 50(b) regarding property held by United States persons. These changes apply to property placed in service after the date of enactment.
Yes· 3 of 8
Does this put more into space exploration?+7
Provides financial incentives for industrial infrastructure in low-Earth orbit.
Would business owners be better off under this?+6
Provides tax credits for businesses investing in space-based manufacturing facilities.
Would billionaires be better off under this?+5
Benefits large-scale capital investors in the space industry.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Support for Space-Based Manufacturing: By clarifying that the advanced manufacturing investment credit applies to facilities in outer space, including low-Earth orbit, the bill encourages the development of semiconductor manufacturing outside of Earth (Section 2(a)).
-
Broadening Qualified Property: The bill allows property used for crew habitation, flight control, facility repair, and the transport of goods and equipment to be considered part of the manufacturing function, which may make these projects more financially viable (Section 2(a)).
Potential Negative Impacts for People
- Exclusion of Launch Vehicles: The bill explicitly states that rockets or similar launch vehicles used to propel payloads from Earth into outer space are not considered qualified property for the credit (Section 2(a)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For Billionaires+5Good For Students+2Good For Young Adults+2
- Education And Technology
- Increases Space Exploration+7Increases Scientific Research Funding+4
- Economy And Finance
- Improves Economic Growth+3Increases Job Creation+2
- 6/11/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BennetDemocrat · Colorado