California Lawmakers to Ask if Property Tax Break Helps SpaceX

SpaceX says a California property tax exemption is responsible for its rapid growth over the past 10 years, but no data is available to tie that growth directly to the exemption. California lawmakers want to find out how much it matters.

A bill (S.B. 419) by Sen. Richard Roth (D) would renew the nine-year-old tax exemption for components used in space flight for another five years. As a condition of the renewal, Roth agreed to amend the bill so the benefit is subject to the same performance measures that state law requires for income and sales ...