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Committee hears resolution urging tax code change to let spaceports use tax‑exempt private activity bonds; left pending
Summary
Senator Hinojosa presented SCR 12, urging Congress to amend the Internal Revenue Code to make spaceports eligible for tax‑exempt private activity bonds. Committee took no public testimony and left the resolution pending.
Senator Hinojosa presented Senate Concurrent Resolution 12 urging Congress to amend the Internal Revenue Code to permit tax‑exempt private activity bond financing for spaceports.
Hinojosa said spaceports perform infrastructure functions similar to airports, docks and rail facilities and argued that allowing tax‑exempt private activity bond financing would help Texas retain and expand aerospace investment. He cited the economic activity around commercial launch sites and companies such as SpaceX and Firefly.
The chair asked for public testimony; none was offered. The chair closed public testimony and left SCR 12 pending, subject to the call of the chair.
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