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HomeMy Public PortalAboutOrdinance No. 920-01 12-11-2001 ORDINANCE NO. 920-01 A ORDINANCE PROVIDING FOR THE TAXATION OF LEASED MOTOR VEHICLES PURSUANT TO TEXAS TAX CODE, SECTION 11.252 WHEREAS, the City Council of the CITY OF RICHLAND HILLS is of the opinion that the exemption of leased motor vehicles will detrimentally affect the budget of the City and its ability to provide necessary City services as required to its citizens; and WHEREAS, the Texas Legislature in enacting Texas Tax Code, Section 11.252 has given municipalities the ability to tax said vehicles by adopting an ordinance to that effect before January 1, 2002; NOW THEREFORE, BE IT ORDAINED by the City Council that the CITY OF RICHLAND HILLS chooses not to exempt leased vehicles and will assess and levy ad valorem taxes on said vehicles as authorized by Texas Tax Code, Section 11.252. PASSED AND APPROVED this llthday of December , 2001. \\\r~„~~u n nu,,,~~,,~ v ' ( ' a = Mayor Attest: ''~nii nnn~~~~``~~ i y Sec tart'