According to the proposal, California will collect tax from space transportation companies based on a formula factoring in how often a company launches spacecrafts out of the state, and, most importantly, how far a commercial spacecraft travels from California soil. Between May and mid-October, there were eight launches from Vandenberg Air Force Base, in Santa Barbara County about 50 miles south of San Luis Obispo.
The Franchise Tax Board proposal said certainty about tax treatment "will lead to increased activity in the industry and will foster an atmosphere of growth and prosperity once present during the golden age of California's aviation industry, thereby creating jobs as the industry thrives in this state."
Yes, taxes always foster growth and prosperity...somewhere else where taxes are lower.
At least one company has already been lured away from California for the promise of greater financial incentives – though of a more earthly variety. Moon Express, a company working to mine the moon for natural resources, moved from Mountain View to Florida.
The Franchise Tax Board proposal said certainty about tax treatment "will lead to increased activity in the industry and will foster an atmosphere of growth and prosperity once present during the golden age of California's aviation industry, thereby creating jobs as the industry thrives in this state."
Yes, taxes always foster growth and prosperity...somewhere else where taxes are lower.
At least one company has already been lured away from California for the promise of greater financial incentives – though of a more earthly variety. Moon Express, a company working to mine the moon for natural resources, moved from Mountain View to Florida.