HomeMy WebLinkAboutResolution - 6142 - Exercise Option To Rescind Resolution 3259 - 12/16/1998Resolution No. 6142
Item No. 40
December 16, 1998
RESOLUTION
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LUBBOCK,
TEXAS, TO EXERCISE ITS OPTION TO RESCIND RESOLUTION NO. 3259 TO
TAX PROPERTY OTHERWISE EXEMPTED FROM TAXATION UNDER SECTION
11.251 OF THE TAX CODE AND ARTICLE 8, SEC. 1 j, TEXAS CONSTITION.
WHEREAS, Article 8, Sec. 1J, Subsection (a), of the Texas Constitution and
Section 11.25 of the Tax Code permitted the City of Lubbock to choose to tax certain
tangible property referred to as "freeport goods" that would otherwise have been tax
exempt; and
WHEREAS, the City Council of the City of Lubbock enacted Resolution No.
3259 on December 7, 1989, making such "freeport goods" subject to taxation; and
WHEREAS, the City Council of the City of Lubbock now desires to rescind said
Resolution No. 3259 as permitted by Article 8, Sec. 1-j, Subsection (b) of the Constitition
so as to permit such "freeport goods" to be tax exempt; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT Resolution No. 3259 enacted on December 7, 1989, is hereby rescinded
and shall be of no further effect and that tangible personal property described in Article 8,
Sec. 1J, Subsection (a), of the Texas Constitution and Section 11.251 of the Tax Code as
"freeport goods" shall hereafter be exempted from taxation.
Passed by the City Council this 16th. day of December , 1998.
WINDY z, R.
EST:
x
Kayl Darnell, City Secretary
APPROVIANTU CONTENT:
Kevin Waller, Business Liaison for Economic
APPROVED AS TO FORM:
bo Bald G. Vandiver, First Assistant City
Attorney
Ddres/freeport.res.doc
December 2, 1998