Free 50-276 Tax Abatement Registry New Agreement - Texas

T S A

E X

Comptroller of Public Accounts FORM

50-276 (Rev. 1-02/5)

FOR COMPTROLLER USE ONLY City TA ID# County ISD

TAX ABATEMENT REGISTRY New Agreement
PLEASE PRINT OR TYPE, DO NOT WRITE IN SHADED AREAS. Please fill out front and back of form (See Instructions on page 3.)

RZ ID# date rec'd

Complete

Back-up Incomplete

No Back-up

Step 1: Contact Information
Name of lead taxing unit (taxing unit that initiated the tax abatement agreement) Name of appraisal district submitting this report Contact person Title

Current mailing address (number and street)

City

County

ZIP code

Phone (area code and number)

Fax number

E-mail address if available

Step 2: Abatement Information
1. 2. Enterprise zone or Reinvestment zone name: _________________________________________________________________________ List ALL taxing unit(s) party to this particular application tax abatement agreement* and the percent of value abated per year: Percent of Value Abated Per Year 1 2 3 4 5 6 7 8 9 10 ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ 3. List property owner(s) party to this tax abatement agreement: _______________________________________________________________ ________________________________________________________________________________________________________________ Abatement term (in years): ________________ Lead Taxing Unit: City County Yes No Yes No Yes No

4. 5. 6. 7. 8. 9.

Is this tax abatement in a state-designated enterprise zone?

Is this tax abatement in a state-designated defense economic readjustment zone?

Is this abatement on property subject to the voluntary cleanup agreement under Sec. 312.211, Tax Code?

List each independent and/or consolidated school district located within the boundaries of this tax abatement agreement (even if not party to agreement): ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________ ______________________________________________________________________________________________________________

Step 3: Property Information
10. Check abatement type. If residential, skip to Item # 16. Commercial/Industrial If Commercial/Industrial, check appropriate boxes for questions 11 through 15 below. 11. The business is: Expanding/modernizing a business currently in the community A new business Continued on page 2 Residential

Relocating from out of state Relocating from another city/county in Texas

50-276 -2 (Rev. 1-02/5)

Step 3: Property Information (continued)
12. Business type (choose the one that best describes the business): Hotel/Group Residence Manufacturing Retail Industrial Commercial/Real Estate Wholesale Business size (based on number of employees): Physical structure: Type of improvement (Check all that apply): New Existing Micro (0-19) Research & Development Medical Energy Small (20-99) Banking/Finance

13. 14. 15.

Medium (100-499)

Large (500 + )

New construction Current facility renovation/remodeling Current facility retooling/upgrading Furniture/fixture purchase New machinery/equipment purchase

Step 4: Terms of Agreement
16. 17. Date the abatement agreement was fully executed: ___________________________________________ Date the abatement agreement became effective: ___________________________________________ (Note: Most tax abatement agreements are effective January 1 of the year following the signing.) Date the abatement agreement expires: ________________________________________ (Note: The maximum term of an abatement is 10 years.) Type of property abated: Real Personal Both

18.

19.

Step 5: Economic Impact
20. Appraised value of property before execution of agreement: $ _____________________________ Please estimate property value abated each year of the agreement in Item 21. Does the abatement agreement address new employment positions and/or payroll dollars to be created each year? Yes No. If yes, please provide the number of full-time equivalent (FTE) positions and estimated payroll dollars created each year according to agreement: Year 1 2 3 4 5 6 7 8 9 10 FTE's ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ Payroll $ Created ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ Property Value Abated ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________ ___________________________

21.

22.

Does the abatement agreement address employment positions or payroll dollars to be retained each year?

Yes

No

Step 6: Signature of Person Completing Form

23.

____________________________________________________________________________________________________________________
Authorized signature Title Date

_______________________________________________________________________________________________________

Continued on page 3

50-276 -3 (Rev. 1/02/5)

TAX ABATEMENT REGISTRY FORM (New Agreement) INSTRUCTIONS
State Law (Section 312.005, Tax Code) requires the chief appraiser of each appraisal district that appraises property for a taxing unit that has executed a tax abatement agreement to deliver to the Comptroller before July 1 of the year following the year in which the agreement is executed, a report providing a copy of the executed tax abatement agreement. This form and a fully executed copy of the tax abatement agreement must be submitted to the Texas Comptroller of Public Accounts at the address below.

Comptroller of Public Accounts Property Tax Division Post Office Box 13528 Austin, Texas 78711-3528 For assistance or to request additional forms, call toll free, 1-800-252-9121. You may also obtain additional forms on the Property Tax Division's Web page on Window on State Government at http://www. window.state.tx.us/taxinfo/taxforms/02-forms.html. From a Telecommunication Device for the Deaf (TDD), call 1-800-248-4099 or 512/463-4621. Step 1: Contact Information This information provides the Comptroller information on the taxing unit initiating the tax abatement agreement (lead taxing unit) and the appraisal district completing this report. If you had no new tax abatement agreements in your appraisal district, you do NOT need to do anything. Step 2: Abatement Information List the lead taxing unit along with all the other taxing units and the property owner(s) participating in this particular abatement agreement.* State also the abatement's duration, and indicate if the lead taxing unit is a city or county. Also, include the enterprise or reinvestment zone name as listed in the ordinance or resolution creating the zone. * If taxing units have different terms and duration, you must submit separate reports. Step 3: Property Information Please check the appropriate box(es) to indicate the type of abatement, business, and property involved in the tax abatement agreement. Step 4: Terms of Agreement Please provide the abatement agreement's execution date, effective date, expiration date, and the type of property abated. Effective 9-1-1999, the legislature allowed taxing units to have different terms and durations. Please list your terms and durations in Step 4. Step 5: Economic Impact Please provide the appraised value of the property subject to this abatement agreement before the execution of the agreement. If the agreement addresses increases in employment or payroll, please provide this information in response to question 21. The number of full-time equivalent (FTE) positions is the number of new jobs created in each year and should not include any FTEs created in previous or subsequent years. A new job is one or more new employees whose combined work hours total 40 per week. The estimated payroll dollars created also should reflect the total wages and salaries of new FTEs in each year and should not include any payroll amounts for previous or subsequent years. The amount of value abated should reflect the total taxable value abated by the taxing unit for each year of the agreement. Also, indicate if the abatement agreement addresses employment positions or payroll dollars to be retained each year. Step 6: Signature of Person Completing Form The person signing the report should be the same person listed in Step 1 as the contact person.