Texas Space Alliance Aims for Zero Tax Law, Spaceports

Comments

Fresh off the passage of a limited liability law protecting spaceflight operators, the Texas Space Alliance (TXA) is aiming for a number of other achievements to help turn the Lone Star State into a magnet for commercial space companies, the non-profit group said in a press release.

With the liability law in place, the TXA is working on a Texas Space Plan that includes important items for improving the space business climate in Texas, including a zero-gravity, zero-tax law (ZGZT) to draw new jobs and industry to Texas, and the development of Space Enterprise Zones and a set of Texas Spaceports. ZGZT has received enthusiastic support from the Chair of the Senate Economic Development Committee – State Senator Mike Jackson (TX-11) and early efforts and interest from Texas Congressmen Larry Taylor (TX-24) and House Economic Development Chair John Davis (TX-129).

“This is the beginning of a new effort on our part to ‘awaken the sleeping giant’ of Texas when it comes to the emerging commercial space industry,” said TXA President Rick Tumlinson. “But we have to move quickly. Other states such as Florida, Virginia and New Mexico are far ahead of us in courting and supporting this potentially multi-billion dollar industry, and if we want a part of it dramatic and determined action will be necessary – as the deals are being cut right now that will determine its future for decades.”