(a) The definitions set forth in Section 11.253 of the Texas Tax Code, as amended, are hereby adopted and made a part of this article by reference.
(b) Tangible personal property located in the city and consisting of goods-in-transit [which would otherwise be exempt from taxation under Section 11.253(b) of the Texas Tax Code, as amended, and Section 1-n(a), Article VIII of the Texas Constitution, as amended] is subject to ad valorem taxation pursuant to Sections 11.253(j) and 11.253(j-1) of the Texas Tax Code, as amended, and Section 1-n(d), Article VIII of the Texas Constitution, as amended. Such goods-in- transit will remain subject to ad valorem taxation until the city council repeals this subsection or otherwise takes official action to adopt the exemption prescribed by Section 11.253(b) of the Texas Tax Code, as amended, and Section 1-n(a), Article VIII of the Texas Constitution, as amended, for such goods-in-transit.
(c) Nothing in this article subjects to ad valorem taxation any tangible personal property that is exempt from taxation under Section 11.251 of the Texas Tax Code, as amended, under Section 1-j, Article VIII of the Texas Constitution, as amended, or under another law. (Ord. Nos. 27026; 28512)