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OR 93-612 Exemption from Ad Valorem taxation for "freeport goods" ORDINANCE NO. 93612 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, REPEALING ORDINANCE NO. 89-459 OF THE CITY OF COPPELL; PROVIDING FOR AN EXEMPTION FROM AD VALOREM TAXATION FOR FREEPORT GOODS; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Article VIII, Section l-J, of the Texas Constitution and Section 11.251 of the Texas Property Tax Code exempt from taxation certain tangible personal property referred to as "freeport goods" unless the governing body of a taxing unit takes official action to tax said property; and WHEREAS, the City of Coppell passed Ordinance No. 89-459 on December 12, 1989 to take official action to tax "freeport goods;" and WHEREAS, Article VIII, Section 1 -J of the Texas Constitution and Section 11.251 of the Texas Property Tax Code authorize the governing body of a taxing unit to rescind prior action to tax "freeport goods;" and WHEREAS, the exemption from ad valorem taxation of "freeport goods" by the City of Coppell, Texas would promote economic development. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. That Ordinance No. 89-459 of the City of Coppell, Texas be and the same is hereby repealed provided, however, the exemption from ad valorem taxation for "freeport goods" pursuant to Article VIII, Section 1-J of the Texas Constitution and Section 11.251 of the Texas Property Tax Code shall be effective beginning with tax year 1994. AGGO41A5 SECTION 2. That all provisions of the ordinances of the City of Coppell in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions of the ordinances of the City of Coppell not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 3. 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. SECTION 3. This ordinance shall take effect immediately from and after its passage as the law and charter in such cases provide, except that the exemption from ad valorem taxation for freeport goods pursuant to Article VIII, Section 1-d of the Texas Constitution and Section 11.251 of the Texas Property Tax Code shall be effective beginning with tax year 1994. DULY ADOPTED by the City Council of the City of Coppell, Texas on the ~..2 ) day of 22' ',~ "'~!l, 1993. MAYOR ,: Oi~ SEC/~ETAR~. );~ .s s F. APPROVED AS TO FORM: CITY ATFORN~J''l~ 2 AGG041A5