Federal rent or fees do not make the bond federally guaranteed
What the document says“A bond shall not be treated as federally guaranteed merely because of the payment of rent, user fees, or other charges by the United States (or any agency or instrumentality thereof) in exchange for the use of the spaceport”
The section adds a new subparagraph (F) to section 149(b)(3) of the Internal Revenue Code of 1986 so that a bond is not treated as federally guaranteed just because the United States or one of its agencies pays rent, user fees or other charges to use the spaceport.
What the document actually says“A bond shall not be treated as federally guaranteed merely because of the payment of rent, user fees, or other charges by the United States (or any agency or instrumentality thereof) in exchange for the use of the spaceport”
A bond does not count as federally backed for one reason alone. That reason is the government paying rent or fees to use the spaceport.
A federally backed bond loses its tax break. Federal use of the site would otherwise risk that. This rule removes the risk.
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