California plans for collecting taxes on spaceflight – San Francisco Chronicle

California plans for collecting taxes on spaceflight – San Francisco Chronicle

The earthly convention of paying taxes may soon extend into outer space, if California regulators have anything to say about it.

The state’s Franchise Tax Board is seeking public comment on its proposal for computing taxes on commercial space transportation companies.

The private spaceflight industry remains small, despite grand ambitions to shuttle everything from tourists to 3-D printers into space. But the board says it created the rules to give entrepreneurs the confidence that once their businesses really start to take off, California’s tax code will be ready to handle them.

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