Bill > S1560

This bill amends the Internal Revenue Code of 1986 to expand tax-exempt bond rules to include spaceports alongside airports, creating new financial opportunities for space infrastructure development. Specifically, the bill defines "spaceport" as a facility near launch or reentry sites used for activities like manufacturing spacecraft, conducting flight operations, providing launch services, and transferring crew or cargo. The legislation allows spaceports to qualify for exempt facility bonds, even if they are not open to public use, and creates special provisions for ground leases on spaceport property located on land leased from the federal government. The bill also ensures that bonds used for spaceport development will not be considered "federally guaranteed" if the United States pays rent or user fees for using the facility, and exempts spaceport-related bonds from state bond issuance ceilings. These changes are designed to promote investment in space infrastructure by making it financially more attractive to develop and maintain spaceport facilities. The amendments will apply to bond obligations issued after the date of the Act's enactment.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/1560/all-info