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FL S1512
Bill
Status
Introduced
1/8/2026
Primary Sponsor
Daniel Burgess
Click for details
AI Summary
- Real property and tangible personal property used by a nongovernmental lessee pursuant to a project authorized by the Space Florida Board of Directors is deemed to perform an essential governmental purpose and is exempt from property taxation
- Tangible personal property owned by a federal, state, or local government entity and leased to a private entity is exempt from sales and use tax when located in Florida and used solely in connection with semiconductor, defense, or aerospace contracts, programs, or projects
- The definition of "governmental purpose" for property tax exemptions is expanded to include aerospace activities as specified in s. 331.303, in addition to the existing Space Exploration Program and spaceport activities
- Space Florida is exempted from competitive bidding requirements under s. 255.20 when purchasing professional or construction services using funds not appropriated by the Legislature, but must maintain an attestation in its records confirming the funding source
- The act has an effective date of July 1, 2026
Legislative Description
Space Florida
Last Action
Now in Finance and Tax
1/27/2026
Committee Referrals
Finance and Tax1/27/2026
Full Bill Text
No bill text available