An additional penalty on delinquent personal property taxes for tax years 2005 and subsequent years is hereby authorized and imposed, as provided by section 33.11, Texas Property Tax Code, in the amount of 20% of the delinquent tax, penalty and interest, if tax becomes delinquent on February 1 of a year and remains delinquent on the 60th day thereafter.
(Ordinance 2006-02-06 adopted 2/27/06)
The exemption from ad valorem taxation for "freeport goods" pursuant to art. VIII, section 1-j of the Texas Constitution and section 11.251 of the Texas Property Tax Code shall be effective beginning with the tax year 2003.
(2002 Code, art. 11.500)
(a) 
Definitions.
The following terms have the same meaning as defined in section 11.253 of the Texas Tax Code as amended.
Bailee and warehouse.
Have the meanings assigned by section 7.102, Business and Commerce Code.
Dealer's motor vehicle inventory, dealer's vessel and outboard motor inventory, dealer's heavy equipment inventory, and retail manufactured housing inventory.
Have the meanings assigned by subchapter B, chapter 23 of the Texas Tax Code, as amended.
Goods in transit.
Tangible personal property that:
(1) 
Is acquired in or imported into this state to be forwarded to another location in this state or outside this state;
(2) 
Is stored under a contract of bailment by a public warehouse operator at one or more public warehouse facilities in this state that are not in any way owned or controlled by the owner of the personal property for the account of the person who acquired or imported the property;
(3) 
Is transported to another location in this state or outside this state not later than 175 days after the date the person acquired the property in or imported the property into this state; and
(4) 
Does not include oil, natural gas, petroleum products, aircraft, dealer's motor vehicle inventory, dealer's vessel and outboard motor inventory, dealer's heavy equipment inventory, or retail manufactured housing inventory.
Location.
A physical address.
Petroleum product.
A liquid or gaseous material that is an immediate derivative of the refining of oil or natural gas.
Public warehouse operator.
A person that:
(1) 
Is both a bailee and a warehouse; and
(2) 
Stores under a contract of bailment, at one or more public warehouse facilities, tangible personal property that is owned by other persons solely for the account of those persons and not for the operator's account.
(b) 
Beginning tax year 2012 and continuing thereafter until further action is taken by the city council, "goods-in-transit," as defined herein, shall be subject to ad valorem property taxation by the city.
(Ordinance 2011-10-35 adopted 10/24/11)
A motor vehicle, whether or not held or used for the production of income, that is subject to a lease, shall be levied upon and assessed ad valorem taxes due and payable to the city, regardless of the date of the inception of the lease. It is the express intent of the city council to comply with the provisions of section 11.252(f) of the Texas Tax Code to remove the exemption authorized by section 11.252(a) of the Texas Tax Code.
(Ordinance 47-01 adopted 12/10/01)