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Tax Breaks for Spaceports: Boosting US Space Industry Leadership

This act aims to treat spaceports similarly to airports for tax purposes, potentially easing their financing and development. This could make investments in space infrastructure more accessible, creating new jobs and accelerating space technology development in the United States.
Key points
Spaceports will be treated like airports under exempt facility bond rules, making it easier to fund their construction and development.
The definition of a spaceport includes facilities for manufacturing, assembling, repairing spacecraft, flight control, and handling crew and cargo.
The act introduces exceptions to the federally guaranteed bond prohibition, allowing the government to pay for spaceport use without losing tax benefits.
These changes aim to strengthen US leadership in the space sector by encouraging investment and innovation.
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Additional Information
Print number: 118_HR_7470
Sponsor: Rep. Dunn, Neal P. [R-FL-2]
Process start date: 2024-02-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Secure U.S. Leadership in Space Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7470.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-02-28.

What are the main provisions?

Key points include:

  • Spaceports will be treated like airports under exempt facility bond rules, making it easier to fund their construction and development.
  • The definition of a spaceport includes facilities for manufacturing, assembling, repairing spacecraft, flight control, and handling crew and cargo.
  • The act introduces exceptions to the federally guaranteed bond prohibition, allowing the government to pay for spaceport use without losing tax benefits.
  • These changes aim to strengthen US leadership in the space sector by encouraging investment and innovation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Dunn, Neal P. [R-FL-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Public Investments Economy