Muni Market Poised for ‘Space Bonds’ With New Senate Tax Bill
The Vulcan rocket on the United Launch Alliance (ULA) launchpad at the Cape Canaveral Space Force Station in Cape Canaveral, Florida.
Photographer: Michelle Bruzzese/BloombergThe municipal-bond market is poised to go to infinity — and beyond — with a new financing tool included in President Donald Trump’s tax and spending bill that passed the Senate Tuesday.
The legislation includes a provision that would let spaceports sell tax-exempt bonds similar to airports. The bill now goes to the House.