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HomeMy WebLinkAboutOrdinance 2586 ORDINANCE NO, 2586 WHEREAS, in 1999 voters of the state approved a constitutional amendment that authorized the legislature to exempt leased automobiles from property taxes provided the automobiles are used for personal use and not for the production of income; and WHEREAS, in 2001 the Texas Legislature adopted S.B. 248 to implement the constitutional amendment and authorized municipalities to continue to tax such leased vehicles upon the adoption of an ordinance before January 1 2002; and WHEREAS, the City Council finds that it will be in the best interests of the City to continue the ad valorem taxation of motor vehicles leased for personal use. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS, TEXAS, that: SECTION 1 Taxation of Motor Vehicles Leased for Personal Use. To the extent that motor vehicles are subject to taxation by the City of North Richland Hills, the exemption provided by Texas Tax Code §11.252(a) shall not apply. The owner of a motor vehicle that is subject to a lease is not entitled to an exemption from taxation of the vehicle. SECTION 2 That should any sentence, paragraph, subdivision, clause, phrase or section of this Ordinance be adjudged or held to be unconstitutional, illegal or invalid, the same shall not affect the validity of this Ordinance as a whole, or any part or provision thereof other than the part so decided to be invalid, illegal or unconstitutional, and shall not affect the validity of the Ordinance as a whole. SECTION 3 This ordinance shall take effect immediately after its passage as the law and charter in such cases provide. Ordinance No. 2586 Page 2 ~~>"~~~~.../''>/-;.. -.:::' .. n .. ~ f:"(·/ \\- \ ::.:0 r ~. A=~\iST: h }..:.: -:;.. -...~ -:::. '- .'", {!2~~ '.,_..~...... >::,:: )'// . 1Ir "", 'á(J/)'l!JftJl.¡)!1 ~ Patricia Hutson - City Secretary PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICH LAND HILLS, THIS 26TH DAY OF NOVEMBER, 2001. APPROVED: C-8~ ~d~ Ctìarles Scoma - ~ APPROVED AS TO CONTENT: I{w~' Karen Bostic - Budget Director APPROVED AS TO FORM AND LEGALITY: