Item 6BOrdinance 919
November 6, 2007
Background
Super Freeport
Property tax exemption for goods-in-transit
Senate Joint Resolution 6
Authorization of super freeport
House Bill 621
Enabling statue for super freeport
Automatically applies to municipalities
Ordinance 919
Requirements to “opt-out”
Hold public hearing
Adopt an ordinance
25 other cities have opt-out or scheduled by December 31, 2007
QUESTIONS?