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2002-238ORDINANCE AN ORDINANCE OF THE CITY OF DENTON, TEXAS APPROVING AN EXEMPTION FROM AD VALOREM TAXATION FOR TRAVEL TRAILERS PURSUANT TO TEXAS TAX CODE SECTION 11.142; PROVIDNG THAT ADOPTION OF EXEMPTION SHALL BE EFFECTIVE FOR 2002 TAX YEAR; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR PUBLICATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in 2001, voters approved an amendment to the Texas Constitution that authorized the Legislature to allow an ad valorem tax exemption of travel trailers which are used for personal use and not for the production of income; and WHEREAS, the Texas Legislature by Texas Tax Code Sec. 11.142 provides that the local governing body other than school districts may exempt travel trailers fi.om taxation if they were registered in compliance with Chapter 502 of the Transportation Code and it was not held for the production of income; and WHEREAS, the City Council of the City of Denton, Texas finds that it is in the public interest to grant such tax exemption for travel trailers; and; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1: That pursuant to Texas Tax Code Sec. 11.142 travel trailers shall be exempted from municipal ad valorem taxation. SECTION 2: That the exemption shall be available and effective for the tax year beginning on January 1, 2002. SECTION 3. If any section, subsection, paragraph, sentence clause, phrase, word or provision of this ordinance shall be held invalid or unconstitutional by final judgment of a court of competent jurisdiction, it shall not affect any other section, subsection, paragraph, sentence clause, phrase, word or provision of this ordinance, for it is the definite intent of this City Council that every section, subsection; paragraph, sentence, clause, phrase, word or provision hereof be given full force and effect for its purpose. SECTION 4: That this ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this th~4ay of ~Z~4-- ,2002 EULINE BROCK, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY HERBERT L. PROUTY, CITY ATTORNEY F:\shared~ept\LGL\Our Documents\Ordinances\ 02\travel trailers tax exemption.doc