1. Short title This Act may be cited as the American Space Commerce Act of 2023 . 2. Special allowance for qualified domestic space launch property (a) Allowance of bonus depreciation for qualified domestic space launch property Section 168(k)(2)(A)(i) of the Internal Revenue Code of 1986 is amended— (1) by striking or at the end of subclause (III), (2) by striking or at the end of subclause (IV), (3) by adding or at the end of subclause (V), and (4) by adding at the end the following new subclause: (VI) which is qualified domestic space launch property (as defined in paragraph (11)), . (b) Extension of termination of bonus depreciation for qualified domestic space launch property (1) In general Section 168(k)(2)(A)(iii) of the Internal Revenue Code of 1986 is amended by inserting (in the case of qualified domestic space launch property, before January 1, 2033) after before January 1, 2027 . (2) Application of applicable percentage Section 168(k)(6) of such Code is amended by adding at the end the following new subparagraph: (D) Rule for qualified domestic space launch property Notwithstanding any other provisions of this paragraph, in the case of any qualified property which is qualified domestic space launch property, the term applicable percentage means, in the case of property placed in service after December 31, 2023, and before January 1, 2033, 100 percent. . (c) Qualified domestic space launch property defined Section 168(k) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (11) Qualified domestic space launch property defined For purposes of this subsection— (A) In general The term qualified domestic space launch property means property placed in service before January 1, 2033, that is— (i) a space transportation vehicle or payload (as such terms are defined in section 50101 of title 51, United States Code) that is launched from the United States, or (ii) other property or equipment placed in service for the purpose of facilitating a space launch from the