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HomeMy WebLinkAboutResolution No. 02-35 CITY OF THE COLONY RESOLt TION NO. 00%' ADOPTION OF PROPERTY TAX EXEMPTION FOR QUALIFIED CHARITABLE ORGANIZATIONS PURSUANT TO TEXAS HOUSE BILL SECTION 1689 WHEREAS, the City of The Colony, located in Denton County, Texas, is a Home Rule Municipality possessing the full power of local self government as provided by Article XI, Section 5 of the Constitution of the State of Texas, Section 51.072 of the Texas Local Government Code and its Home Rule Charter; and WHEREAS, under House Bill § 1689, the Texas Legislature made provision to allow taxing units to grant property tax exemption to qualified organizations that provide certain enumerated charitable services; and WHEREAS, effective September 1, 2001, Texas House Bill § 1689 amended the Texas Tax Code to add Section ! 1.184, which authorizes the governing body of a local taxing unit the option of exempting from taxes the buildings, other real property and the tangible personal property of those organizations engaged primarily in charitable activities; and WHEREAS, the Texas Tax Code § 11.184 (c) more specifically defines those properties of a qualified charitable organization that are exempted from taxation; and WHEREAS, the Texas Tax Code § 11.18 (d) more specifically defines those charitable functions that an organization must perform in order to be a qualified charitable organization; and WHEREAS, under House Bill § 1689, the governing body of individual taxing units must adopt this new provision before qualified organizations are granted the exemption; and WHEREAS, those qualified charitable organizations must first obtain a Letter of Determination from the Texas State Comptroller of Public Accounts to certify the organizations eligibility to be tax exempt; and WHEREAS, these charitable organization that qualify for this tax exemption shall then submit an application with the Denton County Central Appraisal District for an exemption from taxation; and K:\DOC\Tax Exemption for charitable organizations resolution.doc Page 1 of 2 NOW, BE IT THEREFORE RESOLVED, that The Colony City Council hereby grants property tax exemptions to qualified charitable organizations pursuant to House Bill § 1689 and the Texas Tax Code § 11.184 for properties located within the City limit with the effective date of January 1, 2002, and recommends that the Denton County Central Appraisal District grant such exemption to charitable organizations so qualified by the aforementioned laws. SIGNED AND SEALED this oQ/dday of ~)~, 2002 "~--~rnetta Hehville-Shannon, Mayor Patti A. Hicks, TRMC, City Secretary APPROVED AS TO FORM: d~r~ R. ~Iik~y At'to~y K:\DOC\Tax Exemption for charitable organizations resolution.doc Page 2 of 2