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The Florida House Ways & Means Committee has approved HB 1177, which proposes tax breaks for private aerospace contractors. The bill offers property tax and sales tax exemptions for companies collaborating with Space Florida.

Representative Tyler Sirois highlighted the importance of maintaining competitiveness against other states in the aerospace sector. The legislation follows record-breaking activity from Space Florida, which managed 109 launches in 2025, with expectations for even more in the current year. The bill will be reviewed by two additional House panels.