Texas § 507.201 EXEMPTION FROM CERTAIN TAXES.

Texas Statutes

§ 507.201 — EXEMPTION FROM CERTAIN TAXES.

Texas § 507.201

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 507.201 (2026).

Text

Sec. 507.201. EXEMPTION FROM CERTAIN TAXES.

(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.

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Sec. 507.201. EXEMPTION FROM CERTAIN TAXES. (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.