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OR 2014-1369 Ad Valorem Taxation for Freeport GoodsAN ORDINANCE OF THE CITY OF COPPELL, TEXAS ORDINANCE NO. 2014-1369 AN ORDINANCE OF THE CITY OF COPPELL, TEXAS, EXPANDING THE EXEMPTION FROM AD VALOREM TAXATION OF FREEPORT GOODS THAT ARE AIRCRAFT PARTS; PROVIDING A REPEALING CLAUSE; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on November 7, 1989, Article VIII, Section 1 of the Texas Constitution was amended to add Section 1-j to provide for a local option exemption from ad valorem taxation of certain tangible personal property; and WHEREAS, in order to implement the Constitutional provision, the Texas Legislature adopted Texas Tax Code Section 11.251, which provides for the exemption of certain taxable property from ad valorem taxation, i.e., "Freeport Goods", defined as goods, wares, ores and other tangible personal property that is acquired in or imported into the State of Texas, detained on the property for assembling, storing, manufacturing, processing or fabricating purposes, to be transported outside the State not later than 175 days of the date of import, the meaning as assigned by Section 11.251 of the Tax Code and Article VIII, Section 1-j of the Texas Constitution prior to the passage of Texas House Bill 621, 80th Texas Legislature (regular session); and WHEREAS, Article VIII, Section 1-j(b) provides that the City had to take action to tax Freeport Goods otherwise such property was exempt from taxation; and WHEREAS, the City Council did not take action to provide for the taxation of Freeport Goods; and WHEREAS, Proposition 3 was approved by the voters at the election held on November 5, 2013 which amended the Texas Constitution as set forth in House Joint Resolution 133 and approved certain legislative changes set forth is House Bill 3121 to authorize the governing body of a taxing unit to extend by official action the date by which Freeport Goods that are aircraft parts must be transported outside the state from not later than 175 days to not later than 730 days after being acquired or imported into this state before losing eligibility for an exemption; and WHEREAS, the City Council now finds that it is in the best interests of the City to increase the number of days that property tax-exempt aircraft parts may be located in the state for the purpose of qualifying these parts for the Freeport Goods exemption; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COPPELL, DALLAS COUNTY, TEXAS, THAT: 1 SECTION 1. For purposes of Texas Tax Code Section 11.251 and Texas Constitution Article VIII, Section 1 j the date by which Freeport goods that are aircraft parts must be transported outside the state is extended from 175 days to the 730th day after the date the person acquired or imported the property in this state. SECTION 2. All provisions of ordinances of the City of Coppell, Texas, in conflict with the provisions of this ordinance be, and the same are hereby, repealed, and all other provisions not in conflict with the provisions of the ordinance shall remain in full force and effect. SECTION 3. If any article, paragraph, or subdivision, clause or provision of this ordinance shall be adjudged invalid or held to be unconstitutional, 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 unconstitutional. SECTION 4. This Ordinance shall take effect immediately from and after its passage, as the law and Charter in such cases provide. DULY PASSED by the City Council of the City of Coppell, Texas, on the day of an 2014. i I SELBO HUNT, YOR 2