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TX HB3045

Bill

Official Source

Status

Engrossed

5/8/2025

Primary Sponsor

Stan Gerdes

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Exempts corporations from the Texas franchise tax if they operate a spaceport authorized by the Federal Aviation Administration and have a contract with the U.S. Department of Defense to provide spaceflight or launch services

  • Requires both conditions to be met for the exemption: FAA-authorized spaceport operator status and an active Department of Defense contract for space services

  • Applies only to franchise tax reports originally due on or after the effective date of the act

  • Takes effect September 1, 2025

Legislative Description

Relating to a franchise tax exemption for corporations operating a spaceport for certain national defense purposes.

Taxation

Last Action

Referred to Finance

5/12/2025

Committee Referrals

Finance5/12/2025
Ways & Means3/20/2025

Full Bill Text

No bill text available