Tex. Spec. Dist. Local Laws Code § 3501.004 · Subchapter A. GENERAL PROVISIONS
EXEMPTION FROM TAXATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The property, income, and operations of the authority are exempt from taxes imposed by the state or a political subdivision of the state.
(b) Section 25.07(a), Tax Code, applies to a leasehold or other possessory interest in real property granted by the authority for a project designated under Section 3501.1024(a) in the same manner as it applies to a leasehold or other possessory interest in real property constituting a project described by Section 505.161(a), Local Government Code.
(c) Tangible personal property that is used primarily to develop national security-related technology or critical infrastructure technology, tangible personal property that is national security-related technology or critical infrastructure technology, or a commercial aircraft to be used as an instrument of commerce that is under construction or development, as applicable, in the authority is presumed to be in interstate, international, or foreign commerce and not located in this state for longer than a temporary period for purposes of Sections 11.01 and 21.02, Tax Code.
(d) Tangible personal property located in the authority is presumed to be in interstate, international, or foreign commerce and not located in this state for longer than a temporary period for purposes of Sections 11.01 and 21.02, Tax Code, if the owner demonstrates to the chief appraiser for the appraisal district in which the authority is located that the owner intends to incorporate the property into or attach the property to tangible personal property described by Subsection (c) or a commercial aircraft described by Subsection (c).
(e) In this section, "commercial aircraft" means an aircraft that is designed to be used as described by Section 21.05(e), Tax Code.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 288 (H.B. 4579), Sec. 3, eff. September 1, 2021.
Acts 2025, 89th Leg., R.S., Ch. 228 (H.B. 5092), Sec. 3, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3501.htm
- Text hash
- sha256 6c89dbad65e1aee2f1b8f707016e11f87eacb55d2d51303b38051f59f644c447
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Local Government Code
Special District Local Laws Code
Tax Code
- Tex. Tax Code § 11.01REAL AND TANGIBLE PERSONAL PROPERTY.Printed as Sections 11.01 and 21.02, Tax Code
- Tex. Tax Code § 21.02TANGIBLE PERSONAL PROPERTY GENERALLY.Printed as Sections 11.01 and 21.02, Tax Code
- Tex. Tax Code § 21.05COMMERCIAL AIRCRAFT.Printed as Section 21.05(e), Tax Code
- Tex. Tax Code § 25.07LEASEHOLD AND OTHER POSSESSORY INTERESTS IN EXEMPT PROPERTY.Printed as Section 25.07(a), Tax Code
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.