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Tax Breaks for Spaceports: Lowering Costs for US Space Infrastructure Development.

This law changes tax rules to allow the construction and modernization of spaceports to be financed using tax-exempt bonds, similar to how airports are financed. This measure aims to significantly reduce the cost of capital for space infrastructure projects, thereby accelerating the growth of the US space industry. For citizens, this translates into potential job creation and economic growth in the technology sector.
Key points
Spaceports are now treated the same as airports for accessing cheaper, tax-exempt bonds for infrastructure development (exempt facility bonds).
The goal is to lower investment costs for space facilities, supporting US companies and innovation in the space sector.
These bonds are excluded from state volume caps, making it easier to raise large amounts of capital for space infrastructure development.
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Expired
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Additional Information
Print number: 118_S_3823
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2024-02-28
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Summarized by: gemini-flash-latest
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_S_3823.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-02-28.

What are the main provisions?

Key points include:

  • Spaceports are now treated the same as airports for accessing cheaper, tax-exempt bonds for infrastructure development (exempt facility bonds).
  • The goal is to lower investment costs for space facilities, supporting US companies and innovation in the space sector.
  • These bonds are excluded from state volume caps, making it easier to raise large amounts of capital for space infrastructure development.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Public Investments Economy