Space Florida

Summary

The bill expands the definition of a governmental purpose to include property used by private lessees for space, airport, or port projects approved by Space Florida, making that property tax‑exempt. It also adds a sales‑tax exemption for machinery and equipment used in semiconductor, defense, or space‑technology production. The changes are intended to encourage private investment in Florida’s aerospace and related high‑tech industries.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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