Pennsylvania SB986 establishes tax credits for commercial space companies in Pennsylvania, providing incentives for research, development, and.

Pennsylvania SB986 introduces tax credits for eligible commercial space companies in Pennsylvania, aiming to boost the state's space economy. To qualify, a company must integrate complete standalone spacecraft, have received federal contract funding for power, communications, or other infrastructure-related space technology, and have delivered and operated a spacecraft in space. Companies must also have their headquarters in Pennsylvania and derive at least 20% of their revenue from federal contracts in the specified areas.

Pennsylvania SB986 establishes tax credits for commercial space companies in Pennsylvania, providing incentives for research, development, and.

Pennsylvania SB986 introduces tax credits for eligible commercial space companies in Pennsylvania, aiming to boost the state's space economy. To qualify, a company must integrate complete standalone spacecraft, have received federal contract funding for power, communications, or other infrastructure-related space technology, and have delivered and operated a spacecraft in space. Companies must also have their headquarters in Pennsylvania and derive at least 20% of their revenue from federal contracts in the specified areas.