Technology News

AAIA Supports Space Flight Sales Tax Exemption

Tuesday, May 28, 2013 5:17:00 AM PDT | VentureDeal

   Reston, Virginia  --  The American Institute of Aeronautics and Astronautics has endorsed California Senate Bill 19, The Space Flight Sales Tax Exemption Act.

If passed, the bill would give exemptions to equipment and materials used to construct facilities designed to launch and operate space vehicles.

The Act would also expand existing current tax exemptions for this large and important industry in the state of California.

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