{"data":{"id":"us-tx/tex.-local-government-code-507.202","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 507.202","heading":"PAYMENT IN LIEU OF AD VALOREM TAXES.","body":"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.\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#507.202","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"040c5fdb29d6e52e580213d19c09f6a873cf795dcfb24cfab827c94bb11b7261","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-507.201","next":"us-tx/tex.-local-government-code-551.001"},"notice":"GroundRules: Original legal text. Not legal advice."}