Free Tax Abatement Registry--Assigned, Modified or Cancelled Agreement - Texas


File Size: 78.2 kB
Pages: 2
Date: July 17, 2005
File Format: PDF
State: Texas
Category: Tax Forms
Author: Graphics
Word Count: 683 Words, 5,886 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.window.state.tx.us/taxinfo/taxforms/50-277.pdf

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Preview Tax Abatement Registry--Assigned, Modified or Cancelled Agreement
T S A

E X

Comptroller of Public Accounts FORM

50-277 (Rev. 1-02/5)

FOR COMPTROLLER USE ONLY City County ISD

TAX ABATEMENT REGISTRY Assigned, Modified or Cancelled Agreement
PLEASE PRINT OR TYPE, DO NOT WRITE IN SHADED AREAS. (See Instructions on back)

TA ID# 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 original tax abatement agreement) Name of appraisal district submitting this report

Contact person

Title

Current mailing address (number and street)

City Phone (area code and number)

County Fax number

ZIP code

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 agreement: ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ List property owner(s) party to the original tax abatement agreement: ____________________________________________________________ ___________________________________________________________________________________________________________________ List the original execution date: ________________________ List property owner(s) party to the assigned or modified (if different) agreement: ___________________________________________________ List the assignment or modification date: _______________________ 4. 5. 6. Lead Taxing Unit: City County Is this tax abatement in a state-designated enterprise zone? Yes No List each independent and/or consolidated school district located within the boundaries of this assigned, modified, or cancelled tax abatement agreement (even if not party to agreement): _______________________________________________________________________________ ___________________________________________________________________________________________________________________

3.

Step 3: Other Information
7. 8. Tax Abatement Agreement: Assigned Modified Cancelled

List the reasons for the assignment, modification, or cancellation: ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ Did taxing units recapture property tax revenue pursuant to ยง312.205(a)(4), Tax Code? Yes No

9. 10.

If you answered "Yes" to question 9, please list for each taxing unit the dollar amount of any recaptured property tax revenue and the percentage of the total property tax that was abated. (Add a sheet if necessary.) Taxing Unit Dollar Amount Percent of Total Property Tax Abated _____________________ $ ___________________________ ___________ % _____________________ $ ___________________________ ___________ %

Step 4: Signature of Person Completing Form
11. ____________________________________________________________________________________________________________________
Authorized signature Title Date

_______________________________________________________________________________________________________
Continued on page 2

50-277 (Back)(Rev.1-02/4)

TAX ABATEMENT REGISTRY FORM (Assigned, Modified or Canceled 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. In order to maintain an accurate up-to-date registry, they are also requiring the completion of this form relating to assigned, modified, or canceled tax abatement agreements along with a copy of the executed assignment, modification, or cancellation documents. This form and accompanying documents 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 or 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 assigned, modified, or canceled tax abatement agreements in your appraisal district, you do NOT need to do anything. Step 2: Abatement Information Please list the parties to the abatement agreement. Also, please include the enterprise zone or reinvestment zone name in which this abatement is located. Step 3: Other Information State the reasons for the assignment(s), modification(s), or cancellation(s) (for example: failed to meet creation of new employment terms of agreement; or mutual agreement by parties to amend capital investment terms of agreement, etc.). Please indicate if the taxing unit has exercised its recapture responsibilities as required by Section 312.205(a)(4), Tax Code. List the dollar amount of property tax revenue recaptured, and the recaptured amount as a percentage of total property tax revenue abated. Add a sheet if necessary. Step 4: Signature of Person Completing Form The person signing the report should be the same person listed in Step 1 as the contact person.