Semiconductor Superiority Act

This bill clarifies that semiconductor manufacturing facilities located in outer space, including low-Earth orbit, are eligible for the advanced manufacturing investment tax credit under the Internal Revenue Code. It specifies that qualified property for such facilities can include transport vehicles for crew and goods in space, and property not physically in space, and that functions like flight control, crew habitation, facility repair, and transportation count as manufacturing-related. However, rockets or similar launch vehicles used to propel payloads from Earth into space are excluded from qualified property. The bill also applies special rules to ensure such property, if launched from the United States and held by a U.S. person, is not treated as tax-exempt use property, and it adds these space-based facilities to the list of property not subject to certain at-risk rules. These changes apply to property placed in service after the bill's enactment, and no inference is created about the credit's allowance for facilities in space before that date.