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2012 SESSION

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HB 18 Space flight entities; transfer of certain revenue to Va. Commercial Space Flight Authority, etc.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Transfer of certain income tax revenue generated by space flight entities to the Virginia Commercial Space Flight Authority.  Clarifies that the revenue transferred to the Virginia Commercial Space Flight Authority attributable to the sale of commercial human spaceflights or commercial space flight training by space flight entities (i) is the income tax revenue generated from such sale and (ii) is not determined solely by the point of sale or where the space flight takes place. The bill also expands such space flight entities to include limited liability companies. This bill was incorporated into HB 813.


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