Bill > HCR35

This resolution urges the United States Congress to amend the Internal Revenue Code to make spaceports eligible for tax-exempt private activity bonds. The resolution highlights Texas's significant role in the aerospace industry, noting the state is home to NASA's Johnson Space Center and over 2,000 aerospace establishments, and ranks second in the nation for spaceport locations. The context provided emphasizes the importance of supporting space infrastructure, pointing out that tax-exempt private activity bonds currently finance other transportation hubs like airports and docks, and that extending this financial mechanism to spaceports could encourage increased investment in aerospace infrastructure. The resolution argues that this change would help the United States maintain its leadership in space commerce and support the rapidly expanding private space sector. As a formal step, the resolution requests that the Texas secretary of state forward official copies to key federal government officials, including the President, Senate President, House Speaker, and Texas Congressional delegation, with a request to enter the resolution in the Congressional Record.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HCR35