Texas § LG.507.201 - EXEMPTION FROM CERTAIN TAXES

Full text of Texas The Texas Constitution § LG.507.201 — EXEMPTION FROM CERTAIN TAXES, with citation guidance and answers to common questions.

§ LG.507.201. EXEMPTION FROM CERTAIN TAXES

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. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.

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Frequently Asked Questions About Texas § LG.507.201

What does The Texas Constitution § LG.507.201 cover?

Section LG.507.201 ("EXEMPTION FROM CERTAIN TAXES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § LG.507.201?

A common citation format is "The Texas Constitution § LG.507.201" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § LG.507.201 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.