Resolution 88-06-28-88-01
RESOLUTION NO. 88-6-28-88-1
RESOLUTION OF THE
TEXAS, SUPPORTING
AMENDMENT TO U.
EXEMPT BONDS
CITY OF WYLIE, COLLIN COUNTY,
AN AMENDMENT TO THE 16TH
S. CONSTITUTION REGARDING TAX
WHEREAS, The Sixteenth Amendment to the Constitution of the
United States addresses the power to lay and
collect taxes, it was not intended by its framers,
as evidenced by the history of its adoption, nor
by the ratifying states to permit taxation by the
federal government of interest income on the
general or special obligations of the states or
their political subdivision; and
WHEREAS, the Tenth Amendment to the Constitution of the
United States was intended to reserve all powers
not specifically delegated to the United States by
the Constitution to the states, and thereby
contemplated a mutuality of respect between the
federal government and the states as respective
sovereigns, and
WHEREAS, Congress has elected legislature which operates to
tax or restrict the states' issuance of general or
special obligations and the income on the income
and proceeds; has enacted retroactive tax
legislation and other such legislation detrimental
to the states,
NOW, THEREFORE, BE IT RESOLVED by the Legislature of the
State of Texas, the Senate and the House of
Representatives concurring, to memorialize
Congress to propose an amendment to the Sixteenth
Amendment to the United States Constitution so as
to prohibit Congress from enacting legislation
providing for the collection of income taxes
retroactively; to ensure that the right of the
states to finance the public purposes established
by them may not be infringed; to prohibit Congress
from taxing directly or indirectly the income
derived from general or special obligations issued
by or on behalf of the state, their political
subdivisions or authorized authorities, and to
prohibit the taxation of the proceeds of the
issuance of these general or special obligations
by or on behalf of the states; and,
BE IT FURTHER RESOLVED, by the legislature of State of
Texas, the Senate and the House of Representatives
concurring, that congress is memorialized to
propose an amendment to Article XVI of the
Constitution of the United States of America by
adding at the end:
"The right of the states, their political
subdivisions or authorized authorities to issue
general or special obligations for public purpose
as declared by them, free from taxation directly
or indirectly, shall not be denied by the United
States." and,
BE IT FURTHER RESOLVED, that the Texas Secretary of State
forward official copies of this resolution to the
President of the United States, the Speaker of the
House of Representatives and the President of
Senate of the United States Congress and each
member of of the Texas Delegation to the Congress,
to the Chairman and members of the Ways and Means
Committees of the House of representatives,
Chairman and members of the House and Senate
Judiciary Committees and to the Chairman and
members of the Finance Committee of the Senate of
the United States with the request that this
resolution be officially entered into the
Congressional Record as a memorial to the Congress
of United States of America.
PASSED AND APPROVED BY THE
WYLIE, TEXAS THIS THE 28TH DAY
ATTEST:
--~-c~
Chuck Trimble, Mayor
,THE CITY OF
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