Why The Proposed California Tax On Rockets Is Good For Texas

https://www.forbes.com/sites/realspin/2017/06/26/why-the-proposed-california-tax-on-rockets-is-good-for-texas/#7a1401c14e0a

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Yet all three companies have backed the new tax rule in meetings with the California government, according to government records and sources familiar with the matter, because the change would clarify their tax status.



In a letter to the California Franchise Tax Board obtained by Quartz, SpaceX CFO Bret Johnsen writes that without the proposed regulation the standard apportionment rules are unclear as applied to space transportation companies. The proposed regulation provides certainty for us, as well as other taxpayers in the industry, for our California franchise tax filings going forward.

Not sure how this is relevant to this thread, since SpaceX can't move its Vandenburg launches to Boca Chica.Anyway, companies like SpaceX would have to pay taxes in CA without this law, but the law clarifies how they would be taxed. I haven't heard of any complaints about this law from any of the affected companies. The opposite in fact (source) , so while the actual rate calculation is a bit convoluted it might even be a reduction from however it was calculated before: