Bill > HR3142

This bill amends the Internal Revenue Code to expand tax-exempt facility bond rules to include spaceports, treating them similarly to airports for financial and regulatory purposes. Specifically, the bill defines a "spaceport" as a facility used for manufacturing, assembling, or repairing spacecraft, conducting flight control operations, providing launch and reentry services, and transferring crew or cargo. The legislation allows spaceports to qualify for exempt facility bonds, even if they are not available for general public use, and creates special provisions for ground leases on spaceport property located on land leased from the federal government. The bill also provides exceptions to certain bond restrictions, such as allowing bonds to be issued for spaceport projects without being considered federally guaranteed, even if the U.S. government pays rent or user fees for utilizing the facility. Additionally, the bill excludes spaceport-related bonds from state bond issuance ceilings, potentially making it easier for states to finance spaceport development. The amendments would apply to obligations issued after the date of the Act's enactment, supporting the growth and development of commercial space infrastructure in the United States.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3142/all-info