{"data":{"id":"us-tx/tex.-local-government-code-507.201","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 507.201","heading":"EXEMPTION FROM CERTAIN TAXES.","body":"(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.\n(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.\n(c) Chapter 151, Tax Code, does not apply to tangible personal property purchased by a person for use in a spaceport.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.","path":["LOCAL GOVERNMENT CODE","TITLE 12. PLANNING AND DEVELOPMENT","SUBTITLE C1. ADDITIONAL PLANNING AND DEVELOPMENT PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 507. SPACEPORT DEVELOPMENT CORPORATIONS","SUBCHAPTER E. TAXES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.507.htm#507.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"7f11c887416dc5ebd5d445a40e79f904d98752ee7d758d0f1d52a78a675d800c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-507.153","next":"us-tx/tex.-local-government-code-507.202"},"notice":"GroundRules: Original legal text. Not legal advice."}