Pity the poor space flight passenger: Flying up up and away from Earth could get even more expensive as New Mexico lawmakers consider taxing the tickets on Virgin GalacticLAS CRUCES, N.M. -- Pity the poor space flight passenger: Flying up up and away from Earth could get even more expensive as New Mexico lawmakers consider taxing the tickets on Virgin Galactic. A bipartisan bill introduced in the state Legislature seeks to close a loophole that excluded spaceflight passenger tickets from gross receipts taxes. The move aims to harvest revenue from ticket sales as Virgin Galactic prepares for regular commercial service from Spaceport America in southern New Mexico. Virgin Galactic told investors last fall it had about 700 reservations for flights. Democratic Rep. Matthew McQueen, the bill's other sponsor, said if the Virgin Galactic flights become regular, local communities and the state could benefit from gross receipts tax revenue.

Source: ABC News January 25, 2022 14:00 UTC