HomeMy WebLinkAboutResolution 2004-055
RESOLUTION NO. 2004-055
OPPOSING CHANGES TO SALES TAX LAW THAT PROMOTES POINT-OF-
DESTINATION SALES TAX SOURCING
WHEREAS, the City ot North Richland Hills provides services through the
collection ot sales taxes, and
WHEREAS, sales taxes currently makes up 25% ot the City's general operating
budget, and
WHEREAS, current sales tax sourcing operates in a point-ot-origin nature, and
WHEREAS, philosophy shifts in the Streamlined Sales Tax Project have
changed trom point-ot-origin to point-ot-destination sales tax sourcing, and
WHEREAS, changes to sales tax sourcing to point-ot-destination would result in
detrimental losses to the City's revenues, and
WHEREAS, the State Comptroller is currently studying ot the impact ot the
sourcing change on local governments.
NOW, THEREFORE, BE IT RESOLVED THAT:
Section 1. The City ot North Richland Hills opposes any change to sales tax
sourcing that promotes point-ot-destination, as it would negatively
affect our tax base.
Section 2. The City ot North Richland Hills encourages the Texas Legislature to
oppose any change to sales tax sourcing that would negatively affect
revenue sources.
PASSED AND APPROVED on the 23rd day of August, 2004.
CITY OF NORTH RICH LAND HILLS, TEXAS
By:
RESOLUTION NO. 2004-055
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APPROV 0 AS TO FORM AND LEGALITY:
APPROVED AS TO CONTENT:
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Paulette Hartman, Assistant to the City Manager
RESOLUTION NO, 2004-055
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