California considering tax breaks for private space companies

http://www.reuters.com/article/2014/01/30/us-usa-california-space-idUSBREA0T00Y20140130?feedType=RSS&feedName=scienceNews

In response to Los Angeles County’s ¬†attempt to tax Hawthorne, Calif.-based space firm SpaceX, a bill is now working its way through the state Legislature that would exempt ¬†private space companies from paying property taxes on space stations or rockets. The bill passed the Assembly 64-5 and is now on its way to the Senate.