Merritt Island, Fla. — Sen. Ashley Moody announced Thursday that her “Security of U.S. Leadership in Space Law” has been officially turned into law, marking a key legislative victory for Florida and strengthening the state’s role as a hub for space innovation.
The law introduced by Moody in May ensures that space bridges will be treated similarly to airports and ports under federal tax laws, and that bonds at space port facilities will be tax-free. Supporters say the changes will level the arena, encourage private investment and accelerate the development of space infrastructure.
“It is crucial for the US to remain a leader in the space industry both for national security interests and for economic success,” Moody said at a celebration event on Florida’s Space Coast. “It is essential that the United States stay ahead of the People’s Republic of China in this modern space race. This law is an important step to ensure the resources and support needed for space programs.”
Industry leaders and local economic officials praised the measure as a transformative policy change.
“We’re committed to providing a range of services to our customers,” said Rob Long, president and CEO of Florida Space. “This is a long-lasting policy change that will bring more private capital investments to develop space infrastructure, reduce costs, and accelerate growth in a more competitive, resilient, innovative aerospace economy.”
Linda Weatherman, president and CEO of Florida Space Coast Economic Development Committee, added:
P. Barry Butler, president of Embry-Riddle Aeronautical University, also praised the bill for passing. “This bipartisan bill strengthens America’s position in space innovation by promoting public-private partnerships and supporting Florida’s investment in the space industry,” he said.
The law comes amid a surge in private and public space activities on Florida’s space coast as the United States continues to compete globally in space exploration and aerospace development.
