Florida – Spaceport Territory Exemption

SALT Report 2568 – The Florida Governor signed a Bill into law which provides that certain real property located in Brevard County that is within the boundaries of the Space Coast Regional Airport, the Space Coast Regional Airport Industrial Park, and the Spaceport Commerce Park have been designated “spaceport territory” for Florida sales and use tax purposes. As a result, new and expanding businesses located in the spaceport territory qualify for a sales and use tax exemption on machinery and equipment purchased for exclusive use in spaceport activities.

This exemption was effective May 30, 2013.

For Further Information

Florida House of Representatives – House Bill 135, Laws 2013