11-070 - O TOWN OF PROSPER, TEXAS ORDINANCE NO. 11-70
AN ORDINANCE OF THE TOWN OF PROSPER TO TAX
TANGIBLE PERSONAL PROPERTY IN TRANSIT WHICH
WOULD OTHERWISE BE EXEMPT PURSUANT TO TEXAS
TAX CODE, SECTION 11.253.
WHEREAS,the 82nd Texas Legislature in Special Session, enacted Senate Bill 1, to take
effect on September 1, 2011, which would require a taxing unit to take action, in the required
manner, after October 1, 2011, to provide for the taxation of goods-in-transit; and
WHEREAS, Tex. Tax Code §11.253(j-1) as amended 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 Town Council of the Town of Prosper, having conducted a public
hearing as required by Section 1-n(d), Article VIII, Texas Constitution, and Tex. Tax Code
§11.253(j-1) is of the opinion that it is in the best interests of the Town to continue to tax such
goods in-transit;
NOW THEREFORE, BE IT ENACTED BY THE TOWN COUNCIL OF THE
TOWN OF PROSPER THAT:
The goods-in-transit, as defined Texas Tax Code Section 11.253(a)(2), as amended by
Senate Bill 1, enacted by the 82th Texas Legislature in Special Session, shall remain subject to
taxation by the Town of Prosper, Texas.
DULY PASSED AND APPROVED BY A VOTE OF 5 - 0 BY THE TOWN
COUNCIL OF THE TOWN OF PROSPER ON THIS 25th DAY OF OCTOBER, 2011.
P.04/1114,,A
Ray Smit
Mayor
ATTESTED TO AND
CORRECTLY RECORDED BY:
/--0■116 ,: /ill
Amy Piuk. '!, T" C
Town Secretary
Ord 11-70 Goods In Transit Ordinance Page 1 of 1