According to the article, the state already has the highest collections in the nation, including taxing airplanes for the minutes that they travel in California air space.Not satisfied with being the heaviest-taxed state in the nation, the clever folks at the Franchise Tax Board disclosed their intention to begin taxing the “Apportionment and Allocation of Income of Space Transportation Companies” under a new addition to the state tax collection enforce “Code of Regulations.”
The tax initially would only be imposed on companies doing business in California that get at least half of their revenue from space transportation, including out-of-state companies launching at Vandenburg.
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