Nelson Pushes for Commercial Space Tax Breaks in Florida

Vehicle Assembly Building at Kennedy Space Center

Florida Today reports on an old idea to attract new businesses to the Florida Space Coast:

Tax breaks for commercial space-related businesses are the focus of a bill proposed by Sen. Bill Nelson, D-Orlando, whose Commercial Space Jobs and Investment Act would allow businesses around centers like Kennedy Space Center to qualify for major tax breaks and other incentives.

In up to five regional business enterprise zones, the bill would grant increased tax breaks or tax credits for equity investment, research, depreciation, and education and job training for the commercial space industry….

The fledgling commercial space industry would find it easier to attract investment under the conditions of the bill.

“This would draw capital,” Frank DiBello, Space Florida president, said. “I see it as a significant incentive.”

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