HomeMy WebLinkAbout1981-082NO 2 1 -_A
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, PROVIDING FOR THE
CONTINUANCE OF AD VALOREM TAXATION ON ALL AUTOMOBILES THAT A
FAMILY OR INDIVIDUAL OWNS AND DOES NOT HOLD OR USF FOR
PRODUCTION OF INCOME, AND PROVIDING AN EFFECTIVF DATE
WHEREAS, the Texas Legislature has passed H B 1060 which
includes the comprehensive implementation of the 1978 "Tax
Relief Amendment" apb roved by the Texas voters in November of
1978, and
WHEREAS, the provisions of Article 5 of H B 1060 permit
the governing body of a taxing unit to continue the ad valorem
taxation of all automobiles, as defined by Section 2, Uniform
Act Regulating Traffic on Highways, as amended (Article 6701d,
V A T S ), that a family or individual owns and does not hold
or use for production of income, and
WHEREAS, the City of Denton, Texas presently taxes all such
automobiles within its corporate limits, and
WHEREAS, the City Council of the City of Denton, Texas,
after careful consideration of the matter has determined that
the City of Denton should continue to carry all such
automobiles on its tax rolls for the 1981 tax year as allowed
by Article 5 of H B 1060 (Section 25, Property Tax Code
V A T S ), NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I
That the exemption from ad valorem taxation on all
automobiles that a family or individual owns and does not hold
or use for production of income provided for under Article 5 of
H B 1060 (Section 25, Property Tax Code, V A T S ) shall not
apply to the City of Denton, Texas Tax Rolls for the 1981 tax
year
SECTION II
That the City of Denton, Texas shall continue an ad valorem
tax for the 1981 tax year on all automobiles within its
corporate limits that a family or individual owns and does not
hold or use for production of income
SECTION III
That due to the importance of this legislation and the
deadline for passage imposed by the Act creates an emergency in
the preservation of the public health, safety and welfare, and
it requires that this ordinance shall take effect immediately
from and after its passage, as the law in such cases provide
PASSED AND APPROVED this the /SS _ day of
1981
RTMARD-0 STEW R , MAYOR
CITY OF D NTON, TEXAS
ATTEST
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4MWKS HOLT, CITY SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
C J TAYLOR, JR , CITY ATTORNEY
CITY OF DENTON, TEXAS
BY