Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 1715 grants a franchise tax exemption to qualified space companies engaged in satellite development, spacecraft manufacturing, launch operations, and space vehicle testing. To qualify, companies must primarily conduct space-related activities from locations in Texas. The bill defines "spacecraft," "satellites," and "space vehicles" to include crewed and uncrewed vessels, communication satellites, and launch systems. The exemption applies only to franchise tax reports due on or after January 1, 2026.
Author (1)
Mayes Middleton
Co-Author (1)
Adam Hinojosa
Contact the Author
Sen. Mayes Middleton
Capitol Phone:
(512) 463-0111
Capitol Office:
EXT E1.706
E-Mail:
