Bill Text: TX HB3045 | 2025-2026 | 89th Legislature | Engrossed

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

Sponsorship: Partisan Bill (Republican 7)

Status: (Engrossed - Dead) 2025-05-12 - Referred to Finance [HB3045 Detail]

Download: Texas-2025-HB3045-Engrossed.html

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89R23090 CJD-D
By: Gerdes, Curry, et al. H.B. No. 3045

A BILL TO BE ENTITLED
AN ACT
relating to a franchise tax exemption for corporations operating a
spaceport for certain national defense purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 171, Tax Code, is amended
by adding Section 171.089 to read as follows:
Sec. 171.089. EXEMPTION-SPACEPORT USED FOR NATIONAL
DEFENSE PURPOSES. A corporation is exempted from the franchise tax
if the corporation:
(1) is an operator of a spaceport authorized by the
Federal Aviation Administration; and
(2) has a contract with the United States Department
of Defense to provide spaceflight or launch services to that
department.
SECTION 2. The change in law made by this Act applies only
to a report originally due on or after the effective date of this
Act.
SECTION 3. This Act takes effect September 1, 2025.