HomeMy WebLinkAboutOrdinances (O-89-752)-12/19/1989
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Pr!t~~~.
t-/ ' ~~
ORDINANCE 0-89-752 ~O
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE TO EXERCISE ITS OPTION TO TAX THAT PROPERTY
EXEMPTED UNDER SECTION 11.251, TEXAS PROPERTY TAX CODE
AND ARTICLE VIII, SECTION 1-J, TEXAS CONSTITUTION.
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WHEREAS, Article VIII, Section 1-j, Subsection (a) of the Texas
Consti tution and Section 11.251 of the Texas Property
Tax Code exempts from taxation certain tangible personal
property referred to as "freeport goods" unless the
governing body of the taxing authority elects to tax
said property; and
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WHEREAS, the exemption of said "freeport goods" from taxation
by the City of Colleyville would result in the loss
of needed revenues to the City and an unfair shift
of the tax burden to the homeowner and local
businessman; and
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Article VIII, Section 1-j, Subsection (b)
Consti tution authorizes the City Council
of Colleyville to exercise its option
"freeport goods".
of the Texas
of the City
to tax said
WHEREAS,
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NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
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Sec. 1. THAT the City of Colleyville elects to tax that tangible
personal property described in Article VIII, Section
1-j, Subsection (a), Texas Constitution and Section
11,251, Texas Property Tax Code, which would otherwise
be exempt.
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AND IT IS SO ORDERED.
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The
on
the
first deading and PUPJfi-~. hearjng being conducted
~ / I day 0 f }:tJ,1tiL!.::::J:1~lJtJr .-/ , 1989.
second/) reading and (1)UlQlic he~.r_i.ng being conducted on
Sfft day of ~~ ~' , 1989.
tll4'd/J reading and p~c h~ariJl.lg being conducted
I1-f[/ day of ~U~ , 1989.
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The
the
the
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The
on
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~ET7~~LEGALITY:
Ross T. Foster
City Attorney
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