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10-41-07-Ordinance-Taxing Tangible Personal Property in Transit-10/15/2007 ORDINANCE NO 10-41-07 AN ORDINANCE OF THE CITY OF SAT GER TO TAX TANGIBLE PERSONAL PROPERTY IN TRANSIT WHICH WOULD OTHERWISE BE EXEMPT PURSUANT TO TEXAS TAX CODE, SECTION 11.253 . . WHEREAS, the 80t' Texas Legislature in Regular Session has enacted House Bill 621 to take effect on January 1, 2008, which added Tex. Tax Code § 11.253 to exempt from taxation; certain tangible personal property held temporarily at a location in this state for assembling,storing, manufacturing, processing or fabricating purposes (goods -in -transit) which property has been subject to taxation in the past; and WHEREAS, Tex. Tax Code § 11.2530) as amended allows the governing body of a taxing unit, after conducting a public hearing, to provide for the continued taxation of such goods -in -transit; and WHEREAS, the City Council (or Commission) of the City of Sanger having conducted a public hearing as required by Section 1-n (d), Article VIII, Texas Constitution, is of the opinion that it is in the best interests of the district to continue to tax such goods -in -transit; NOW THEREFORE, BE IT ENACTED BY THE CITY COUNCIL (OR COMMISSION) OF THE CITY OF SANGER THAT: The goods -in -transit, as defined,Tex. Tax Code 11.253(a)(2), as amended by House Bill 621, enacted by the 80'hTexas Legislature in Regular Session, shall remain subj ect to taxation by the City of S a n g e r , Texas. Dated this ) day of ) , , 2007. Q ° i `31 1Uli99 FiP rd! r ayof=' Atteste City Secretary