Spaceport America Gets Its Tax

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Spaceport America Gets Its Tax

Backers of Spaceport America won a big one yesterday as Sierra County, N.M., came out in favor of a quarter-cent gross receipts sales tax to help fund the project.

Neighboring Dona Ana County agreed to the tax by a slim 1.6 percent margin last spring but Sierra County tallied two-thirds of all voters in favor.

The vote was critical as a tax district to fund construction of Spaceport America, which is seen as a center for future space tourism and commercial ventures. The effort needs the approval of at least two counties. The upshot: New Mexico tax authorities can start to collect a 25 cent charge on each $100 purchase and Spaceport America is one step closer to reality.

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Did you know that by the year 2020, Spaceport America will employ more than 5,000 people with an excess of $1 billion in total revenues? How fun would it be to work for them?