SACRAMENTO, Calif. (Steven Knight PR) — Senator Steve Knight (R-Antelope Valley) presented Senate Bills 19 and 412 in committee on Wednesday with the goal of retention and expansion of the aerospace industry in California. Both measures were unanimously approved by the Senate Committee on Governance & Finance.
SB 19 broadens the sales and use tax exemption for the space flight industry by granting a sales tax exemption for equipment and materials used to construct the facilities designed to launch a space vehicle. Currently, only the material and equipment on the space flight vehicle itself are tax exempt.
SB 412 creates sales and use tax exemptions for the aerospace industry in California. The bill creates an incentive for aerospace industries to continue to conduct manufacturing, and research and development work, promoting workforce retention and attraction while increasing California’s competitive advantage in the aerospace field. The measure promotes manufacturing of aerospace products while encouraging ground-breaking research and development.







