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<br />Draft <br /> <br />f:attorneylordworklcurrentlSuper Freeport property tax exemption. <br />November 2, 2007 <br /> <br />ORDINANCE NO. <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />TEXAS, OPTING OUT OF THE TERMS OF HB 621, CREATING A SUPER <br />FREEPORT T AX EXEMPTION ALLOWING THE CITY OF PARIS TO TAX <br />TANGIBLE PERSONAL PROPERTY TEMPORARIL Y WAREHOUSED IN <br />THE CITY AWAITING SHIPMENT TO OTHER LOCATIONS WITHIN OR <br />WITHOUT THE STATE OF TEXAS; MAKING OTHER FINDINGS AND <br />PROVISIONS RELATED TO THE SUBJECT; PROVIDING A <br />SEVERABILITY CLAUSE, AND PROVIDING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the 80th Texas Legislature in Regular Session enacted House Bill 621 to take <br />effect on January 1, 2008, which added Texas Tax Code ~11.253 to exempt from taxation certain <br />tangible personal property held temporarily at a location in this state for assembling, storing <br />manufacturing, processing or fabricating purposes (goods-in-transit) which property has been subject <br />to taxation in the past; and, <br /> <br />WHEREAS, Texas Tax Code ~ 11.2530) as amended allows the governing body of a taxing <br />unit, after conducting a public hearing, to provide for the continued taxation of such goods-in-transit; <br />and, <br /> <br />WHEREAS, the City Council of the City of Paris, having conducted a public hearing as <br />required by Texas Tax Code ~ 11.2530), is of the opinion that it is in the best interests of the City of <br />Paris to continue to tax such goods-in-transit; and, <br /> <br />NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PARIS, <br />TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this ordinance are hereby in all things <br />approved. <br /> <br />Section 2. That the City Council did, on November 12,2007 hold and conduct a public <br />hearing on the subject of taxation of goods-in-transit. <br /> <br />Section 3. That the goods-in-transit, as defined in Texas Tax Code ~ 11.253(a)(2), as <br />amended by House Bill 621 , enacted by the 80th Texas Legislature in Regular Session, shall remain <br />subject to taxation by the City of Paris. <br /> <br />Section 4. That goods-in-transit shall continue to be subject to ad valorem taxes up to and <br />until such time as a future governing body of this municipality may choose otherwise. <br /> <br />Section 5. That it is the intention of the City Council of the City of Paris that this ordinance, <br /> <br />. . T r" . ....'... <br />