A government ground lease from the United States still counts as ownership
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70309, Sec. 70309.
Written by .
A government ground lease from the United States still counts as ownership
The document says “shall not”Who acts: Secretary of the TreasuryHow: statuteSec. 70309 in the PDF
What the document says
“spaceport property located on land leased by a governmental unit from the United States shall not fail to be treated as owned by a governmental unit if the requirements of this paragraph are met by the lease and any subleases of the property.”
The section adds a new subparagraph (C) to section 142(b)(1) of the Internal Revenue Code of 1986 so that spaceport property on land a governmental unit leases from the United States is still treated as owned by a governmental unit, where the lease and any subleases meet the paragraph's requirements.
What the document actually says
“spaceport property located on land leased by a governmental unit from the United States shall not fail to be treated as owned by a governmental unit if the requirements of this paragraph are met by the lease and any subleases of the property.”
That sentence, in plain words
A spaceport on leased federal land still counts as government owned. The lease and any subleases must meet the rules.
What this is about
Many launch sites sit on federal land. A lease alone would not normally count as owning. This rule says it does here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70309, 139 Stat. 201 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“A government ground lease from the United States still counts as ownership,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70309, Sec. 70309. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70309-ground-lease/ (retrieved August 26, 2026).
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