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HomeMy WebLinkAboutRES 11-360 RESOLUTION NO. 11-360 A RESOLUTION OF THE CITY OF BEAUMONT TO TAX TANGIBLE PERSONAL PROPERTY GOODS IN TRANSIT WHICH WOULD OTHERWISE BE EXEMPT PURSUANT TO TEXAS TAX CODE, SECTION 11.253. WHEREAS, the 81st Texas Legislature in Special Session has enacted Senate Bill No. 1 amending Tex. Tax Code§11.253 to exempt from taxation certain tangible personal property held temporarily at a location in this state for assembling, storing, manufacturing, processing or fabricating purposes (goods-in-transit) which property has been subject to taxation in the past; and WHEREAS, Tex. Tax Code §11.2530-1) as added allows the governing body of a taxing unit, after conducting a public hearing, to provide for the continued taxation of such goods-in-transit; and WHEREAS, the City Council of the City of Beaumont, having conducted a public hearing as required by Section 1-n(d),Article VIII,Texas Constitution, is of the opinion that it is in the best interest of the City to continue to tax such goods-in-transit; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the goods-in-transit, as defined by Tex. Tax Code 11.253(a)(2), as amended shall remain subject to taxation by the City of Beaumont. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 20th day of December, 2011. AW ayor Becky Ames -