HomeMy WebLinkAboutOrdinances (O-01-1318)-12/18/2001
ORDINANCE 0-01-1318
AN ORDINANCE PROVIDING FOR THE TAXATION OF LEASED MOTOR
VEHICLES PURSUANT TO TEXAS TAX CODE, SECTION 11.252
WHEREAS, the City Council of the City of of Colleyville is of the opinion that the
exemption of leased motor vehicles will adversely affect the budget of the
City and its ability to provide necessary City services as required to its
citizens;and
WHEREAS, the Texas Legislature in enacting Texas Tax Code, Section 11.252 has
given municipalities the ability to tax said vehicles by adopting an
ordinance to that effect before January 1, 2002.
NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the City of Colleyville chooses not to exempt leased vehicles and
will assess and levy ad valorem taxes on said vehicles as authorized by
Texas Tax Code, Section 11.252.
Sec. 2.
THAT this Ordinance shall become effective immediately upon passage.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the
of ~~ ,2001.
The second reading and public hearing being conducted on the
Cynthia Singleton, TRMC
City Secretary
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