Sen. Ashley Moody-Backed Spaceport Financing Bill Becomes Federal Law

Sen. Ashley Moody-Backed Spaceport Financing Bill Becomes Federal Law

A federal bill allowing spaceports to use tax-exempt bonds for infrastructure projects has been signed into law, creating a new financing tool for the commercial space industry. The Secure U.S. Leadership in Space Act, introduced by Florida Sen. Ashley Moody in May, amends the federal tax code to give spaceports the same access to private activity bonds already available to airports, seaports, and other transportation hubs. The change enables pu…