Florida presses ahead on space tax breaks

The Florida legislature is making progress on a bill that would provide tax breaks for space industries in the state. The bill, which “sailed” through its first hearing in the state House on Tuesday according to the Tallahassee Democrat, would extend a sales tax exemption for space- and defense-related industries. The bill as it currently stands would provide sales tax exemptions for any kind of research and development, “from new medicines to toothpaste”, according to the article, but backers want to ensure that any bill at least covers space, as part of a state effort to bolster the state’s space industry as the shuttle program nears its end.

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