Get Tx Comptroller 50-767 2016

Completing the TX Comptroller Form 50-767 online is a straightforward process that helps you report value loss due to limitations under the Texas Economic Development Act. This guide will walk you through each step to ensure you can successfully fill out and submit the form.

Follow the steps to effectively complete the form online.

1. Use the ‘Get Form’ button to access and open the TX Comptroller Form 50-767 in your online editor.
2. Begin by filling out the school district name and number. This section identifies the district related to your project.
3. Next, enter the county name and number. This information helps associate your project with the correct local jurisdiction.
4. Input the application number that corresponds to your project for proper identification.
5. Provide the project applicant’s name followed by the project name. This identifies who is submitting the report and what project is being referenced.
6. Fill in the first complete year of the qualifying time period and the date of the agreement. This establishes the timeline for your project.
7. Report the market value of the property subject to value limitation under the Texas Economic Development Act in the specified section.
8. Enter the value of applicable exemptions in the next field to accurately reflect potential reductions in taxable value.
9. Calculate the market value of property subject to value limitation less exemptions (this is the taxable value for school I&S tax purposes) and enter it.
10. Report the limited value specified in your agreement that outlines how much value can be limited under the agreement.
11. Take the lesser of the previously calculated taxable value or the limited value and enter it as the taxable value for school M&O tax purposes.
12. List the maintenance and operations tax rate and the interest & sinking fund tax rate, then provide the total tax rate by adding those two figures together.
13. If applicable, include any additional agreement holders and their contact information, especially if the original agreement has been subdivided.
14. Finally, ensure the form is certified by the appropriate individuals: the superintendent and the chief appraiser, before submission.
15. After reviewing all entries for accuracy, save changes, download, print, or share the completed form as necessary.

Complete your TX Comptroller 50-767 form online today for a seamless filing experience.