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Committee backs resolution urging Congress to allow tax-exempt private activity bonds for spaceports
Summary
The committee reported HCR 35 favorably after the author urged Congress to amend the Internal Revenue Code to make spaceports eligible for tax-exempt private activity bonds; the motion passed 4-3.
The Senate Committee on Administration moved HCR 35, a resolution urging Congress to amend the Internal Revenue Code to make spaceports eligible for tax-exempt private activity bonds. The sponsor, Senator Hinojosa, said the measure would recognize Texas's longstanding role in space exploration and seek federal action to expand financing options for spaceport infrastructure. The committee reported the resolution favorably to the…
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