A measure that will provide spaceflight companies with a 10-year exemption from certain property taxes has passed the California Senate.
Senators voted 32-2 to approve the bill, which had already passed the Assembly by a 69-5 vote. The measure will go to Gov. Jerry Brown for signing if the Assembly agrees with the Senate’s amendments to it.
As amended by the Senate, the property tax exemption would apply to
Tangible personal property, whether raw materials, work in process or finished goods, that has, or upon manufacture, assembly, or installation has, space flight capacity, including, but not limited to, an orbital space facility, space propulsion system, space vehicle, launch vehicle, satellite, or space station of any kind, and any component thereof, regardless of whether that property is to be ultimately returned to this state.
Fuel of a quality that is not adaptable for use in ordinary motor vehicles, but is produced, sold, and used exclusively for space flight.
The exemption would last from the January 1, 2014 lien date until Jan. 1, 2024.
The measure was introduced by Assemblyman Al Muratsuchi, whose district borders the one where SpaceX is located. A number of space companies in Mojave and across the state also will benefit.