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<br />4ItREQUEST FOR CITY COUNCIL tltNDA ITEM <br /> <br />Agenda Date Requested: <br /> <br />12/7/87 <br /> <br />Requested By: <br /> <br />K. Askins <br /> <br />Department: <br /> <br />Legal <br /> <br />Report <br /> <br />x <br /> <br />Resolution <br /> <br />Ordinance <br /> <br />Exhibits: Resolution 87-28 <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The 70th Texas Legislature passed S.J.R. # 12, a proposed <br />constitutional amendment relating to the exemption from ad valorem <br />taxation of certain personal property, including aircraft, not <br />held or used for the production of income. The amendment was <br />subsequently approved by the voters at the general election of <br />November 3, 1987. However, the 70th Texas Legislature failed to <br />enact a enabling legislation under such constitutional amendment. <br /> <br />The proposed resolution urges the Texas Legislature to enace <br />enabling legislation under the authority of S.J.R. No. 12, <br />exempting private aircraft not used for the production of income, <br />from ad valorem taxation. <br /> <br />Action Required by Council: Adoption of Resolution 87-28 <br /> <br />Availability of Funds: N/A <br /> <br />General Fund <br />Capital Improvement <br />Other <br /> <br />Water/Wastewater <br />General Revenue Sharing <br /> <br />Account Number: <br /> <br />Funds Available: <br /> <br />YES <br /> <br />NO <br /> <br />Approved for City Council Agenda <br /> <br />G~ T. ~G- <br /> <br />Robert T. Herrera <br />City Manager <br /> <br />\ 1. -'-{ - t6, <br />DATE <br />