Tex. Loc. Gov't Code § 507.202 · Subchapter E. TAXES
PAYMENT IN LIEU OF AD VALOREM TAXES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
In lieu of taxes, a spaceport development corporation shall pay to each political subdivision of this state in which land owned by the corporation is located an amount equal to the amount of ad valorem taxes that would be imposed on that land if the land were privately owned.
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 371f7df27406a94fd6cfe68c6a1381c1bbe180f6d7e4c54068a2fd7c39b2f5cc
- 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
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.