Colorado Governor to Sign Space Tax Exemption Measure

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John Hickenlooper

Colorado Gov. John Hickenlooper will sign a measure that will provide for sales, use and storage tax exemptions for spaceflight property during the 30th Space Symposium in Colorado Springs on May 20.

The bill defines qualified property for use in spaceflight as:

  • a space vehicle and any component thereof;
  • tangible personal property to be placed or used aboard a space vehicle, regardless of whether such personal property is to be ultimately returned to the state for subsequent use, storage, or other consumption;
  • fuel of a quality that is not adaptable for use in an ordinary motor vehicle and that is produced, sold, and used exclusively for space flight.

Spaceflight covers any vehicle that can perform suborbital, orbital and interplanetary flights. Space vehicles include orbital facilities, propulsion systems, satellites and space stations.