Loading...
G-07-10-25-10D2 - 10/25/2007 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 1, SECTION 1.700, CODE OF ORDINANCES (1995 EDITION), CITY OF ROUND ROCK, TEXAS, BY ADDING SUBSECTION 1.703 TO TAX GOODS IN TRANSIT WHICH WOULD OTHERWISE BE EXEMPT PURSUANT TO TEXAS TAX CODE, SECTION 11.253; AND PROVIDING FOR A SAVINGS CLAUSE AND REPEALING CONFLICTING ORDINANCES AND RESOLUTIONS. WHEREAS, the 80th 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 . 253 (j ) 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 of the City of Round Rock, 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 ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: 0:\wdox\ORDINANC\071025D2.WPD/sls I. That Chapter 1, Section 1 . 700, Code of Ordinances (1995 Edition) , City of Round Rock, Texas, is hereby amended to add sub-section 1 . 703 which shall read as follows : 1.703 GOODS IN TRANSIT Goods-in-transit, as defined in Tex. Tax Code 11.253(a)(2), as amended by House Bill 621, enacted by the 8Yh Texas Legislature in Regular Session, shall remain subject to taxation. II. A. All ordinances, parts of ordinances, or resolutions in conflict herewith are expressly repealed. B. The invalidity of any section or provision of this ordinance shall not invalidate other sections or provisions thereof . C. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times during which this Ordinance and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. READ and APPROVED on first reading this the f day of ! 2007 . READ, APPROVED and ADOPTED on second reading this the day of 2007 . 2 itxELL, r vyo Round Rock, Texas AT E T: Tht t')lij tt , "Ma� juz/h- CHRISTINE R. MARTINEZ, City Secre! ry 3 DATE: October 18, 2007 SUBJECT: City Council Meeting — October 25, 2007 ITEM: *10D2. Consider an ordinance providing for the continued taxation of Goods-in-transit. (Second Reading) Department: Finance Staff Person: Cindy Demers, Finance Director Justification: The 80th Texas Legislature enacted HB 621 which exempts from taxation certain tangible personal property held temporarily at a location in the state for the assembling, storing, manufacturing, processing or fabricating purposes (good-in- transit). This type property has been subject to taxation in the past. The law allows municipalities to continue to tax this property after holding one public hearing and adopting an ordinance taxing such goods-in-transit by the end of the calendar year. Funding: Cost: N/A Source of funds: N/A Outside Resources: N/A Background Information• HB 621 is to take effect on January 1, 2008, which added Tex. Tax Code_11.253 to exempt from taxation certain personal property held temporarily at the location in the state of Texas. A public hearing is required to continue to tax such goods-in- transit. Public Comment: N/A