Tex. Loc. Gov't Code § 507.202
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
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.
Tex. Loc. Gov't. Code § 507.202