How Spaceport Financing Got a Break in the GOP Tax Law: BGOV Tax

New Spaceport Break to Fuel Investment

A long-sought but little discussed provision in Republicans’ massive tax-and-spending law would allow spaceports to use tax-exempt bond proceeds to finance infrastructure projects—potentially fueling billions of dollars in investments.

Space industry advocates have repeatedly visited Capitol Hill, zeroing in on lawmakers in key states such as Florida.

One champion was Secretary of State Marco Rubio, who as a Florida senator tag-teamed with Sen. Ben Ray Luján (D-N.M.) to introduce a standalone measure on the spaceport tax break. While that bill didn’t move on its own, Republicans winning control of the White House, House, and ...