Tex. Loc. Gov't Code § 507.201 · Subchapter E. TAXES
EXEMPTION FROM CERTAIN TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The property, income, and operations of a spaceport development corporation are exempt from taxes imposed by this state or a political subdivision of this state.
(b) Tangible personal property located in the spaceport, such as a spacecraft or other property necessary to launch the spacecraft, is exempt from ad valorem taxation.
(c) Chapter 151, Tax Code, does not apply to tangible personal property purchased by a person for use in a spaceport.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.507.htm
- Text hash
- sha256 7317892df080de39139378b1152b16e9a4eaceeae6e829bc4e9af55d15678c0d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.