Texas 2025 - 89th Regular

Texas Senate Bill SCR12 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	89R8126 TBO-D
1	2		By: Hinojosa of Nueces S.C.R. No. 12
2		-	(In the Senate - Filed February 4, 2025; February 7, 2025,
3		-	read first time and referred to Committee on Economic Development;
4		-	March 18, 2025, reported favorably by the following vote: Yeas 5,
5		-	Nays 0; March 18, 2025, sent to printer.)
6		-	Click here to see the committee vote
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8	4
9		-	SENATE CONCURRENT RESOLUTION
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	7	+	CONCURRENT RESOLUTION
10	8		WHEREAS, Since the "space race" of the 1960s, Texas has been
11	9		at the forefront of space exploration, discovery, and innovation,
12	10		and the state is sure to play an instrumental role in defining the
13	11		next phase of American involvement in space; and
14	12		WHEREAS, Texas is home to NASA's Lyndon B. Johnson Space
15	13		Center as well as more than 2,000 aerospace establishments; during
16	14		the 88th Session of the Texas Legislature, the Texas Space
17	15		Commission was established to strengthen the state's leadership in
18	16		aerospace activity, and the Texas Aerospace Research and Space
19	17		Economy Consortium was launched to serve as a forum for higher
20	18		education and industry experts seeking to advance the state's role
21	19		in space operations; and
22	20		WHEREAS, In 2023, the U.S. Bureau of Labor Statistics and the
23	21		Texas Economic Development Corporation recognized Texas as a
24	22		powerhouse in the rapidly expanding private space sector;
25	23		commercial investment in space transportation has driven the need
26	24		for spaceport sites, operating environments, and infrastructure,
27	25		and Texas ranks second in the nation in the number of spaceport
28	26		locations; and
29	27		WHEREAS, Tax-exempt private activity bonds currently finance
30	28		a wide range of facilities, including airports, docks, and wharves,
31	29		which, like spaceports, serve as hubs for the transportation of
32	30		people and freight; the qualification of spaceports for tax-exempt
33	31		private activity bonds would encourage more investment in aerospace
34	32		infrastructure, benefiting both Texas and the nation as a whole;
35	33		and
36	34		WHEREAS, The United States cannot afford to fall behind in
37	35		the highly competitive field of space operations, and making
38	36		spaceports eligible for tax-exempt private activity bonds would
39	37		help to ensure that the nation maintains its leadership in space
40	38		commerce; now, therefore, be it
41	39		RESOLVED, That the 89th Legislature of the State of Texas
42	40		hereby respectfully urge the United States Congress to amend the
43	41		Internal Revenue Code to make spaceports eligible for tax-exempt
44	42		private activity bonds; and, be it further
45	43		RESOLVED, That the Texas secretary of state forward official
46	44		copies of this resolution to the president of the United States, to
47	45		the president of the Senate and the speaker of the House of
48	46		Representatives of the United States Congress, and to all the
49	47		members of the Texas delegation to Congress with the request that
50	48		this resolution be entered in the Congressional Record as a
51	49		memorial to the Congress of the United States of America.
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