Texas Business and Commerce Code 681.163 – City of Houston, Harris County, or Certain Other Corporations or Entities
Current as of: 2024 | Check for updates
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(a) This section applies to:
(1) the City of Houston;
(2) Harris County;
(3) a corporation organized under the laws of this state and designated by the City of Houston or Harris County; or
(4) any municipality or county located within five miles of a major space and aeronautics center.
(b) To establish, operate, and maintain a space facility to be named “Star Port,” a corporation or entity listed in or described by Subsection (a) may apply for and accept a grant of authority to establish, operate, and maintain:
(1) a foreign trade zone adjacent to or near a facility of the National Aeronautics and Space Administration in Harris County; and
(2) other subzones.
Terms Used In Texas Business and Commerce Code 681.163
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(c) The corporation or entity may apply for or adopt any appropriate inducements for the establishment and operation of the foreign trade zone, including any appropriate or applicable tax abatement or tax exemption.