Income tax, state; exemption for launch services and payload to space flight participants. (SB286)

Introduced By

Sen. William Wampler (R-Bristol)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Income tax exemption for launch services and payload. Grants an income tax exemption for income resulting from the sale of launch services to space flight participants or launch services intended to provide individuals the training or experience of a launch, without performing an actual launch. The bill also grants an income tax exemption for any gain recognized as a result of resupply services contracts for delivering payload entered into with the Commercial Orbital Transportation Services division of the National Aeronautics and Space Administration or other space flight entity. Read the Bill »


Bill Has Passed


01/08/2008Prefiled and ordered printed; offered 01/09/08 082828344
01/08/2008Referred to Committee on Finance
01/12/2008Impact statement from TAX (SB286)
01/30/2008Committee substitute printed 086003344-S1
01/30/2008Reported from Finance with substitute (16-Y 0-N) (see vote tally)
01/31/2008Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/01/2008Read second time
02/01/2008Reading of substitute waived
02/01/2008Committee substitute agreed to 086003344-S1
02/01/2008Engrossed by Senate - committee substitute SB286S1
02/04/2008Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/04/2008Communicated to House
02/11/2008Impact statement from TAX (SB286S1)
02/11/2008Placed on Calendar
02/11/2008Read first time
02/11/2008Referred to Committee on Finance
02/12/2008Assigned Finance sub: 2
02/18/2008Reported from Finance (21-Y 0-N) (see vote tally)
02/19/2008Read second time
02/20/2008Read third time
02/20/2008Passed House BLOCK VOTE (97-Y 0-N)
02/20/2008VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
02/21/2008Bill text as passed Senate and House (SB286ER)
02/21/2008Signed by Speaker
02/25/2008Signed by President
02/27/2008Impact statement from TAX (SB286ER)
03/02/2008G Approved by Governor-Chapter 148 (effective 7/1/08)
03/02/2008G Approved by Governor-Chapter 149 (effective 7/1/08)
03/05/2008G Acts of Assembly Chapter text (CHAP0149)

Duplicate Bills

The following bills are identical to this one: HB238, HB351, HB874 and SB401.