In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

[EX Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Zero Gravity, Zero Tax Act of
2003''.

SEC. 2. EXCLUSION OF SPACE-RELATED INCOME FROM GROSS INCOME.

(a) In General.--Part III of subchapter B of chapter 1 of the
Internal Revenue Code of 1986 (relating to items specifically excluded
from gross income) is amended by redesignating section 140 as section
140A and inserting after section 139 the following new section:

''SEC. 140. SPACE-RELATED INCOME.

''(a) General Rule.--Gross income shall not include space-related
income.
''(b) Space-Related Income.--
''(1) In general.--For purposes of this section, the term
'space-related income' means--
''(A) income derived from the sale by the taxpayer
to an unrelated person of--
''(i) any product or article which is
produced by the taxpayer in outer space, and
''(ii) any service provided by the taxpayer
in or from outer space,
''(B) income of an individual attributable to
services performed in or from outer space by such
individual in a trade or business, and
''(C) any amount not described in subparagraph (A)
or (B) which is interest, rent, royalty, or similar
amount received with respect to production or service
described in subparagraph (A) or (B).
''(2) Exception for telecommunications services, etc.--
Paragraph (1)(A)(ii) shall not apply to--
''(A) any telecommunications service provided from
earth orbit,
''(B) any service provided by a weather or other
earth observation satellite, and
''(C) any other service provided on or before the
date of the enactment of this section of transporting
property to or from outer space.
''(3) Exception for wages.--Paragraph (1) shall not apply
to wages (as defined in section 3401) received by any employee
of an employer.
''(4) Proportional allocation between space-based and
earth-based activities.--In the case of any product or article
which is produced partly in space, space-related income shall
be an amount which bears the same ratio to the amount of gross
income attributable to the sale of such product or article as
the expenses attributable to producing such product or article
in space bears to the total expenses incurred in producing such
product or article.
''(5) Produced.--For purposes of this section, the term
'produced' includes created, fabricated, developed, grown,
manufactured, extracted, processed, cured, and aged.
''(c) Exclusion From Tariffs, Etc.--Any product--
''(1) which is manufactured in outer space, and
''(2) which was--
''(A) launched from, and returned to Earth, within
the United States, or
''(B) Manufactured at a facility in outer space
which is owned by 1 or more United States persons,
shall be exempt from all Federal excises, imposts, and
duties and any other Federal tariffs.
''(d) Phaseout of Benefits.--In the case of a taxable year
beginning after December 31, 2012, the amount excluded under subsection
(a) shall be reduced (but not below zero) by x/10th's of the amount
excludable without regard to this subsection, where 'x' is the number
of years such taxable year is after the last taxable year beginning
before January 1, 2013. A similar rule shall apply to the benefits
under subsection (c).''.
(b) Clerical Amendment.--The table of sections for part III of
subchapter B of chapter 1 of such Code is amended by striking the last
item and inserting the following new items:

''Sec. 140. Space-related income.
''Sec. 140A. Cross references to other
Acts.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2003.

SEC. 3. CREDIT FOR PURCHASE OF QUALIFIED SPACE COMPANY STOCK.

(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to business related
credits) is amended by adding at the end the following new section:

''SEC. 45G. SPACE COMPANY INVESTMENT CREDIT.

''(a) General Rule.--For purposes of section 38, the space company
investment credit determined under this section for any taxable year is
the amount paid in the taxable year for the purchase of qualified stock
in a qualified space company.
''(b) Qualified Space Company.--For purposes of this section--
''(1) In general.--The term 'qualified space company' means
a domestic C corporation if for the 3-taxable-year period
ending with the taxable year immediately preceding the taxable
year in which qualified stock is purchased--
''(A) the average annual gross receipts of such
entity does not exceed $100,000,000, and
''(B) more than 70 percent of such gross receipts
are derived from space-based business.
''(2) Space-based business.--The term 'space-based
business' means a business whose gross receipts are
substantially space-related income, as defined in section
140(b).
''(3) Aggregation rules.--Rules similar to the rules of
section 1202(d)(3) shall apply.
''(c) Qualified Stock.--For purposes of this section--
''(1) In general.--Except as otherwise provided in this
section, the term 'qualified stock' means any stock in a
domestic C corporation if--
''(A) as of the date of issuance of such stock,
such corporation is a qualified space company, and
''(B) except as provided in subsections (f) and
(h), such stock is acquired by the taxpayer at its
original issue (directly or through an underwriter)--
''(i) in exchange for money or other
property (not including stock), or
''(ii) as compensation for services
provided to such corporation (other than
services performed as an underwriter of such
stock).
''(2) Active business requirement.--Stock in a corporation
shall not be treated as qualified stock unless, during
substantially all of the taxpayer's holding period for such
stock--
''(A) such corporation meets active business
requirements substantially similar to the requirements
of section 1202(e), determined on the basis that the
qualified trade or business is a space-based business,
and
''(B) such corporation is a C corporation.
''(3) Certain purchase by corporation of its own stock.--
Rules similar to the rules of section 1202(c)(3) shall apply.
''(e) Recapture.--If, during any taxable year ending with or within
the 10-year period beginning on the date qualified stock was purchased
by the taxpayer, the issuer of such stock ceases to a qualified space
company, the tax under this chapter for such taxable year shall be
increased by the aggregate decrease in the credits allowed under
section 38 for all prior taxable years which would have resulted solely
from reducing to zero any credit determined under subsection (a) with
respect to such stock.
''(f) Termination.--This section shall not apply to stock acquired
after December 31, 2011.''.
(b) Credit Allowed as Part of General Business Credit.--Section
38(b) of such Code (defining current year business credit) is amended
by striking ''plus'' at the end of paragraph (14), by striking the
period at the end of paragraph (15) and inserting '', plus'', and by
adding at the end the following new paragraph:
''(16) space company investment credit determined under
section 45G(a).''.
(c) Conforming Amendments.--
(1) Section 39(d) of such Code is amended by adding at the
end the following new paragraph:
''(11) No carryback of space company investment credit
before january 1, 2004.--No portion of the unused business
credit for any taxable year which is attributable to the space
company investment credit determined under section 45G may be
carried back to a taxable year beginning before January 1,
2004.''.
(2) Subsection (c) of section 196 of such Code is amended
by striking ''and'' at the end of paragraph (9), by striking
the period at the end of paragraph (10) and inserting '',
and'', and by adding at the end the following new paragraph:
''(11) the space company investment credit determined under
section 45G(a).''.
(3) The table of sections for subpart D of part IV of
subchapter A of chapter 1 of such Code is amended by adding at
the end the following new item:

''Sec. 45G. Space Company Investment
Credit.''.
(d) Effective Date.--The amendments made by this section shall
apply to costs paid or incurred in taxable years beginning after
December 31, 2003.

SEC. 4. CAPITAL GAINS EXCLUSION.

(a) In General.--(1) Part I of subchapter P of the Internal Revenue
Code of 1986 (relating to treatment of capital gains) is amended by
adding at the end the following new section:

''SEC. 1203. EXCLUSION FOR GAINS FROM SALE OR EXCHANGE OF STOCK OF
QUALIFIED SPACE CORPORATIONS.

''(a) In General.--Gross income shall not include gain on the sale
or exchange of any stock of a qualified space corporation.
''(b) Qualified Space Corporation.--For purposes of subsection (a),
the term 'qualified space corporation' means, with respect to any
taxable year, a domestic corporation which is a C corporation if--
''(1) such corporation is organized exclusively for
providing to unrelated persons--
''(A) any product or article which is produced
(within the meaning of section 140(b)(5)) by the
corporation in outer space, or
''(B) any service provided by the corporation in or
from outer space, and
''(2) At least 90 percent of the expenses of such
corporation are attributable to the active conduct of a trade
or business of providing a product, article, or service
described in paragraph (1).
Such term shall not include a corporation providing a service, product,
or article described in section 140(b)(2).''.
(2) Clerical Amendment.--The table of sections for part I of
subchapter P of such Code is amended by adding at the end the following
new item:

''Sec. 1203. Exclusion for gains from
sale or exchange of stock of
qualified space
corporations.''.
(b) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2003.
[EX A]: Zero Gravity, Zero Tax Act of 2003 - Amends the Internal Revenue Code to exclude from gross income: (1) space-related income; and (2) gain on the sale or exchange of any stock of a qualified space corporation.Establishes a space company investment credit for the purchase of qualified stock in a qualified space company.

[EX Q]: SECTION 1. JUDICIAL STRUCTURE OF GUAM.

(a) Judicial Authority; Courts.--Section 22(a) of the Organic Act
of Guam (48 U.S.C. 1424(a)) is amended to read as follows:
''(a)(1) The judicial authority of Guam shall be vested in a court
established by Congress designated as the 'District Court of Guam', and
a judicial branch of Guam which branch shall constitute a unified
judicial system and include an appellate court designated as the
'Supreme Court of Guam', a trial court designated as the 'Superior
Court of Guam', and such other lower local courts as may have been or
shall hereafter be established by the laws of Guam.
''(2) The Supreme Court of Guam may, by rules of such court, create
divisions of the Superior Court of Guam and other local courts of Guam.
''(3) The courts of record for Guam shall be the District Court of
Guam, the Supreme Court of Guam, the Superior Court of Guam (except the
Traffic and Small Claims divisions of the Superior Court of Guam) and
any other local courts or divisions of local courts that the Supreme
Court of Guam shall designate.''.
(b) Jurisdiction and Powers of Local Courts.--Section 22A of the
Organic Act of Guam (48 U.S.C. 1424-1) is amended to read as follows:
''Sec. 22A. (a) The Supreme Court of Guam shall be the highest
court of the judicial branch of Guam (excluding the District Court of
Guam) and shall--
''(1) have original jurisdiction over proceedings necessary
to protect its appellate jurisdiction and supervisory authority
and such other original jurisdiction as the laws of Guam may
provide;
''(2) have jurisdiction to hear appeals over any cause in
Guam decided by the Superior Court of Guam or other courts
established under the laws of Guam;
''(3) have jurisdiction to issue all orders and writs in
aid of its appellate, supervisory, and original jurisdiction,
including those orders necessary for the supervision of the
judicial branch of Guam;
''(4) have supervisory jurisdiction over the Superior Court
of Guam and all other courts of the judicial branch of Guam;
''(5) hear and determine appeals by a panel of three of the
justices of the Supreme Court of Guam and a concurrence of two
such justices shall be necessary to a decision of the Supreme
Court of Guam on the merits of an appeal;
''(6) make and promulgate rules governing the
administration of the judiciary and the practice and procedure
in the courts of the judicial branch of Guam, including
procedures for the determination of an appeal en banc; and
''(7) govern attorney and judicial ethics and the practice
of law in Guam, including admission to practice law and the
conduct and discipline of persons admitted to practice law.
''(b) The Chief Justice of the Supreme Court of Guam--
''(1) shall preside over the Supreme Court unless
disqualified or unable to act;
''(2) shall be the administrative head of, and have general
supervisory power over, all departments, divisions, and other
instrumentalities of the judicial branch of Guam; and
''(3) may issue such administrative orders on behalf of the
Supreme Court of Guam as necessary for the efficient
administration of the judicial branch of Guam.
''(c) The Chief Justice of the Supreme Court of Guam, or a justice
sitting in place of such Chief Justice, may make any appropriate order
with respect to--
''(1) an appeal prior to the hearing and determination of
that appeal on the merits; or
''(2) dismissal of an appeal for lack of jurisdiction or
failure to take or prosecute the appeal in accordance with
applicable laws or rules of procedure.
''(d) Except as granted to the Supreme Court of Guam or otherwise
provided by this Act or any other Act of Congress, the Superior Court
of Guam and all other local courts established by the laws of Guam
shall have such original and appellate jurisdiction over all causes in
Guam as the laws of Guam provide, except that such jurisdiction shall
be subject to the exclusive or concurrent jurisdiction conferred on the
District Court of Guam under section 22 of this Act.
''(e) The qualifications and duties of the justices and judges of
the Supreme Court of Guam, the Superior Court of Guam, and all other
local courts established by the laws of Guam shall be governed by the
laws of Guam and the rules of such courts.''.
(c) Technical Amendments.--(1) Section 22C(a) of the Organic Act of
Guam (48 U.S.C. 1424-3(a)) is amended by inserting ''which is known as
the Supreme Court of Guam,'' after ''appellate court authorized by
section 22A(a) of this Act,''.
(2) Section 22C(d) of the Organic Act of Guam (48 U.S.C. 1424-3(d))
is amended--
(A) by inserting '', which is known as the Supreme Court of
Guam,'' after ''appellate court provided for in section 22A(a)
of this Act''; and
(B) by striking ''taken to the appellate court'' and
inserting ''taken to such appellate court''.

SEC. 2. APPEALS TO UNITED STATES SUPREME COURT.

Section 22B of the Organic Act of Guam (48 U.S.C. 1424-2) is
amended by striking '': Provided, That'' and all that follows through
the end and inserting a period.
[EX A]: Amends the Organic Act of Guam to revise the local judicial structure of Guam to vest judicial authority, not only in the District Court of Guam (as currently), but also in a unified judicial system composed of: (1) an appellate court designated as the "Supreme Court of Guam"; (2) a trial court designated as the "Superior Court of Guam"; and (3) such other lower local courts as may have been or may hereafter be established by the laws of Guam.

Authorizes the Supreme Court of Guam to create divisions of the Superior Court and other local courts of Guam.Lists the courts of record for Guam.Outlines the jurisdiction and powers of the local courts.Provides that the qualifications and duties of the justices and judges of the courts shall be governed by the laws of Guam and the rules of such courts.Repeals provisions granting the United States Court of Appeals for the Ninth Circuit jurisdiction to review all final decisions of the Supreme Court of Guam (effectively allowing direct review of such decisions to the Supreme Court of the United States).

[EX Q]: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Verify First Act''.

SEC. 2. VERIFICATION OF STATUS IN UNITED STATES AS CONDITION OF
RECEIVING ADVANCE PAYMENT OF HEALTH INSURANCE PREMIUM TAX
CREDIT.

(a) Application to Current Health Insurance Premium Tax Credit.--
Section 36B of the Internal Revenue Code of 1986, as in effect for
months beginning before January 1, 2020, is amended by redesignating
subsection (g) as subsection (h) and by inserting after subsection (f)
the following new subsection:
''(g) Verification of Status in United States for Advance
Payment.--No advance payment of the credit allowed under this section
with respect to any premium under subsection (b)(2)(A) with respect to
any individual shall be made under section 1412 of the Patient
Protection and Affordable Care Act unless the Secretary has received
confirmation from the Secretary of Health and Human Services that the
Commissioner of Social Security or the Secretary of Homeland Security
has verified under section 1411(c)(2) of such Act the individual's
status as a citizen or national of the United States or an alien
lawfully present in the United States using a process that includes the
appropriate use of information related to citizenship or immigration
status, such as social security account numbers (but not individual
taxpayer identification numbers).''.
(b) Application to New Health Insurance Premium Tax Credit.--
Section 36B of the Internal Revenue Code of 1986, as amended by the
American Health Care Act of 2017 and in effect for months beginning
after December 31, 2019, is amended by adding at the end the following
new subsection:
''(h) Verification of Status in United States for Advance
Payment.--No advance payment of the credit allowed under this section
with respect to any amount under subparagraph (A) or (B) of subsection
(b)(1) with respect to any individual shall be made under section 1412
of the Patient Protection and Affordable Care Act unless the Secretary
has received confirmation from the Secretary of Health and Human
Services that the Commissioner of Social Security or the Secretary of
Homeland Security has verified under section 1411(c)(2) of such Act the
individual's status as a citizen or national of the United States or a
qualified alien (within the meaning of section 431 of the Personal
Responsibility and Work Opportunity Reconciliation Act of 1996 (8
U.S.C. 1641)) using a process that includes the appropriate use of
information related to citizenship or immigration status, such as
social security account numbers (but not individual taxpayer
identification numbers).''.
(c) Conforming Amendment on Continuous Health Insurance Coverage
Provision.--Section 2710A(b)(1) of the Public Health Service Act, as
added by section 133 of the American Health Care Act of 2017, is
amended by adding after subparagraph (C) the following:
''In the case of an individual who applies for advance payment
of a credit under section 1412 of the Patient Protection and
Affordable Care Act and for whom a determination of eligibility
for such advance payment is delayed by reason of the
requirement for verification of the individual's status in the
United States under section 1411(c)(2) of such Act, the period
of days beginning with the date of application for advance
payment and ending with the date of such verification shall not
be taken into account in applying subparagraph (B). The
Secretary shall establish a procedure by which information
relating to this period is provided to the individual.''.
(d) Delay Permitted in Coverage Date in Case of Delay in
Verification of Status for Individuals Applying for Advance Payment of
Credit.--Section 1411(e) of the Patient Protection and Affordable Care
Act (42 U.S.C. 18081(e)) is amended--
(1) in paragraph (3), by inserting after ''applicant's
eligibility'' the following: ''(other than eligibility for
advance payment of a credit under section 1412)''; and
(2) by adding at the end the following new paragraph:
''(5) Delay permitted in coverage date in case of delay in
verification of status for individuals applying for advance
payment of credit.--In the case of an individual whose
eligibility for advance payments is delayed by reason of the
requirement for verification under subsection (c)(2), if, for
coverage to be effective as of the date requested in the
individual's application for enrollment, the individual would
(but for this paragraph) be required to pay 2 or more months of
retroactive premiums, the individual shall be provided the
option to elect to postpone the effective date of coverage to
the date that is not more than 1 month later than the date
requested in the individual's application for enrollment.''.
(e) Effective Dates.--
(1) Application to current health insurance premium tax
credit.--The amendment made by subsection (a) is contingent
upon the enactment of the American Health Care Act of 2017 and
shall apply (if at all) to months beginning after December 31,
2017.
(2) Application to new health insurance premium tax
credit.--The amendment made by subsection (b) is contingent
upon the enactment of the American Health Care Act of 2017 and
shall apply (if at all) to months beginning after December 31,
2019, in taxable years ending after such date.
(3) Conforming amendment on continuous health insurance
coverage provision.--The amendment made by subsection (c) is
contingent upon the enactment of the American Health Care Act
of 2017 and shall take effect (if at all) as if included in
such Act.
(4) Flexibility in coverage date in case of delay in
verification of status.--The amendment made by subsection (d)
is contingent upon the enactment of the American Health Care
Act of 2017 and shall apply (if at all) to applications for
advance payments for months beginning after December 31, 2017.

Passed the House of Representatives June 13, 2017.

Attest:

KAREN L. HAAS,

Clerk.
[EX A]:
(This measure has not been amended since it was reported to the House on June 2, 2017. Verify First Act (Sec. 2) This bill amends the Internal Revenue Code to prohibit advance payments of the premium assistance tax credit from being made to an individual unless the Department of the Treasury has received confirmation from the Department of Health and Human Services that the Social Security Administration or the Department of Homeland Security has verified the individual's status as a citizen or national of the United States or an alien lawfully present in the United States. The verification process must include the appropriate use of information related to citizenship or immigration status, such as Social Security numbers (but not individual taxpayer identification numbers). The bill also amends the Public Health Service Act and the Patient Protection and Affordable Care Act to permit adjustments to certain health insurance coverage dates for an individual whose eligibility for advance payments is delayed due to the verification requirements. The bill is contingent on the enactment of the American Health Care Act of 2017 (AHCA). If the AHCA is enacted, the bill applies to: (1) the existing tax credit after December 31, 2017; and (2) the tax credit, as modified by the AHCA, after December 31, 2019.