HomeMy WebLinkAboutOrdinance 1653
ORDINANCE NO. 1653
AN ORDINANCE OF THE CITY OF NORI'H RICHLAND HIUS
AtJI'HORIZING THE TAXATION OF THE APPRAISED VALlÆ
OF SHORr-TERM BUSINESS INVEN'IDRIES
WHEREAS, the Texas Legislature, during the 7lst Regular Session,
adopted Senate Joint Resolution No. 11, which proposed a constitutional
amendment (Article VIII, Section 1-J) relating to the exemption fran ad
valorem taxation of certain tangible personal property located in the state,
and such amendment was conditionally incorporated in the Texas Property Tax
Code as 11.251; and
WHEREAS, Senate Joint Resolution No. 11 was approved by the
qualified voters of the State of Texas on November 7, 1989; and
WHEREAS, the consti tutiona1 mœndment allows a city to tax such
property if the city council takes action to tax such property; and
WHEREAS, it is the determination of the City of North Richland
Hills that such property should be taxed by the City;
NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of
North Richland Hills, that the City of North Richland Hills shall tax and
collect ad valorem taxes on the appraised value of business inventory ,
including tangible personal property consisting of goods, wares,
merchandise, other tangible personal property and ores, other than oil,
natural gas and other petroleum products, regardless of the period of time
they are located within the state and/or within the said City of North
Richland Hills.
The City of North Richland Hills hereby elects to tax the exempt
property described in Article VIII, Section l-J, Texas Constitution, and in
11.251, Texas Property Tax Code.
PASSED AND APPROVED this 11 th day of December
the City Council of the City of North Richland Hills by a vote of
and 0 NAYS.
, 1989, by
6 AYES
(1~.ø~7/ú ~
Sf;etary
ATI'EST: