US SB1560

Amends Internal Revenue Code Section 142(a)(1) to add spaceports to the list of exempt facilities eligible for tax-exempt private activity bonds, alongside airports

Defines "spaceport" as facilities at or near launch/reentry sites used for spacecraft manufacturing, assembly, repair, flight control operations, launch/reentry services, and crew or cargo transfer

Allows spaceport property on land leased from the federal government to qualify for exempt facility bond treatment if lease requirements are met

Exempts spaceport bonds from the federally guaranteed bond prohibition when the federal government pays rent or user fees for spaceport use, and excludes spaceport bonds (where 95%+ of proceeds fund spaceport facilities) from state volume caps

Applies to bonds issued after the date of enactment