Relating to a franchise tax exemption for corporations operating a spaceport for certain national defense purposes.

SB 1731 exempts qualifying corporations from Texas franchise tax if they operate an FAA-licensed spaceport critical to U.S. Department of Defense contracts for spaceflight or launch services. The exemption requires both: (1) the spaceport must be federally licensed, and (2) the corporation must provide services under a DoD contract. This tax relief applies only to franchise tax reports due on or after September 1, 2025, the bill's effective date. The law directly affects corporations operating spaceports supporting national defense launch operations.