The City Council shall have power to collect an annual tax upon taxable property not expressly exempted by law within the City not to exceed the maximum provided by the constitution and applicable laws of the State of Texas.
The City shall have the right and power by ordinance to authorize the granting and issuance of licenses and permits and shall direct the manner of issuing and registering the same and fix the fees therefor, but no licenses or permits shall be issued for a longer period than one year and shall not be assignable except by permission of the governing authority of the city.
The City shall have the right and power to collect annually a street rental charge and/or gross receipts tax against any public service corporation using and occupying the public streets and grounds of the City, separately from the tangible property of such corporations, as authorized by the state laws and shall have the full power to enforce the collection of such taxes.
The City shall have the right to collect such occupational taxes, licenses and franchise taxes upon trades, professions, occupations, and any business transactions carried on in said City as may be authorized by the laws of the State of Texas.
All taxes due [to] the City shall be payable to the City and may be paid at any time after the tax rolls for the year have been completed and approved which shall be by October 1st, unless the City Council determines otherwise.
Taxes shall be paid before February 1st following said date of October 1st, and all such taxes not paid prior to such date shall be declared delinquent and shall be subject to such penalty and interest as may be provided by State law. The City Council may by ordinance provide that delinquent taxes due [to] the City, may be paid in installments.
(Ameded by Ordinance 823 at an election held on May 15, 2017, ex. B, sec. IV)
The Collector of taxes shall, by virtue of his or her tax rolls, have the power and authority to fix and levy upon all personal property, and sell the same to satisfy all taxes together with all penalties, interest, and costs due on all said personal property, by said delinquent rolls to the City.
The City shall have the power to control and manage the finances of the City, to provide its fiscal year and fiscal arrangements as provided by Article X, Section 1 of this Charter.
All moneys arising from the collection of taxes levied for the payment of interest and sinking funds on bonded indebtedness, shall be maintained in a separate fund to be designated as “Interest and Sinking Fund,” and a separate account kept of the funds applicable to each bond issue, and all moneys arising from the collection of taxes for general purposes shall be maintained in a separate fund to be designated as the “General Fund.”