79-06 R - Implementation of Tax Relief Bill RESOLUTION
CITY OF PRO S P E R , T E X A S
WHEREAS, House Bill 1060 (HB-1060) entitled Implementation
of the "Tax Relief" Amendment was passed by the Texas Legislature
on May 28, 1979; and
WHEREAS, Article 1 thereof, "Appraisal of Agricultural
Land" applies to the City of Prosper and requires the local
tax assessor-collector to determine the categories of agricultural
use existing within the city and to determine the average net
income for each category; and
WHEREAS, Article 1 takes effect immediately and applies to
taxes for the 1979 tax year unless the governing body prescribes
by resolution that the provisions do not apply to 1979 taxes ;
and
WHEREAS, Article 5, "Exemption of Automobiles" applies to
the City of Prosper and exempts from all ad valorem taxation
all automobiles not used for producing income; and
WHEREAS, Article 5 takes effect innuediately unless the
governing body prescribes by resolution for such taxation to
occur.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Prosper, Texas, to waive the applicability of Article
1 of HB-1060 of the Texas Legislature.
BE IT FURTHER RESOLVED to waive the exemption of
automobiles in Article 5 of HB-1060 of the Texas Legislature.
PASSED AND APPROVED by the City Council of the City of
Prosper, Texas, on this /6 T, day of July, 1979.
ac.
ayor
ATTEST:
•
City Secretary
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