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FL H0143
M
Status
Introduced
10/11/2023
Primary Sponsor
Transportation & Modals Subcommittee
Click for details
AI Summary
- Urges the U.S. Congress to add spaceports as a qualified tax-exempt category of private activity bonds under the Internal Revenue Code, similar to the tax-exempt financing currently available for airports and docks/wharfs
- Notes that Florida designated space as an official mode of transportation and spaceports as associated transportation facilities in 1999, giving them standing within the Department of Transportation
- Argues that tax-exempt bond qualification would encourage greater private investment in aerospace infrastructure and help maintain U.S. leadership in space amid growing competition from China and others
- Identifies Florida as the dominant state in the commercial space economy and seeks to position the state as the premier global transportation hub for space commerce
- Directs the Secretary of State to send copies of the memorial to the President, the leaders of both chambers of Congress, and all members of Florida's congressional delegation
Legislative Description
Tax-exempt Private Activity Bonds
Last Action
Laid on Table
3/4/2024
Committee Referrals
Infrastructure Strategies Committee1/8/2024
Ways and Means Committee12/18/2023
Transportation & Modals Subcommittee10/17/2023
Full Bill Text
No bill text available