§ 16-3.5. Taxation of all freeport goods and tangible personal property.

Pursuant to the authority granted home-rule cities by Section 1-j, Article VIII of the Texas Constitution to tax property otherwise exempted by said section of the Constitution and pursuant to Section 11.251 of the Property Tax Code, the governing body of the City of Irving, Texas, a home-rule municipality, hereby declares all freeport goods and tangible personal property and one hundred (100) percent of the appraisal value of said property exempted by Section 1-j(a), Article VIII of the Texas Constitution adopted as Amendment No. 5 by the statewide electorate on November 7, 1989, and Section 11.251 of the Property Tax Code shall be subject to and shall be taxable at one hundred (100) percent of assessed value by the City of Irving, Texas, effective December 15, 1989, for the tax year 1990 and each year thereafter.

(Ord. No. 5731, § 1, 12-14-89)

Editor's note

Ord. No. 5731, § 1, adopted Dec. 14, 1989, did not specifically amend the Code; therefore, inclusion as § 16-3.5 was at the discretion of the editor.