Income tax, corporate; sales tax exemption for space flight entities. (HB1151)

Introduced By

Del. Bud Phillips (D-Castlewood)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Corporate tax subtraction and sales tax exemption for space flight entities. Provides a corporate income tax subtraction for any gain recognized as a result of (i) passenger ticket sales on a suborbital spaceflight and (ii) resupply services contracts entered with NASA. It also extends the current sales and use tax exemption to include the sale of spaceflight services or activities to spaceflight participants and it extends the sunset date for the exemption to July 1, 2015. Read the Bill »


02/04/2008: Merged into HB238


01/09/2008Prefiled and ordered printed; offered 01/09/08 080597680
01/09/2008Referred to Committee on Finance
01/13/2008Impact statement from TAX (HB1151)
01/15/2008Assigned Finance sub: 2
02/04/2008Incorporated by Finance (HB238-Cosgrove)

Duplicate Bills

The following bills are identical to this one: HB170.