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TITLE 34PUBLIC FINANCE
PART 1COMPTROLLER OF PUBLIC ACCOUNTS
CHAPTER 9PROPERTY TAX ADMINISTRATION
SUBCHAPTER FLIMITATION ON APPRAISED VALUE ON CERTAIN QUALIFIED PROPERTIES
RULE §9.1058Miscellaneous Provisions

(a) A recipient of limited value under Tax Code, Chapter 313 shall notify immediately the comptroller, school district, and appraisal district in writing of any change in address or other contact information for the owner of the property subject to the limitation agreement for the purposes of Tax Code, §313.032. An assignee's or its reporting entity's Texas Taxpayer Identification Number shall be included in the notification.

(b) Changes in property values, population data, or strategic investment area designations that occur after an agreement is executed do not affect the job requirements or value limitation in the agreement.

(c) The comptroller may promulgate guidelines for the administration of Tax Code, Chapter 313.

(d) The comptroller shall provide information for determining the category in which a school district is classified pursuant to either Tax Code, §313.022 or §313.052 using the following procedure:

  (1) No later than October 1 of each year, the comptroller shall publish on its website a list and map of the areas that qualify as a strategic investment area using the most recently completed full calendar year data available as of September 1 of that year.

  (2) The school district and the comptroller shall apply the information from this list and property tax values published by the comptroller's Property Tax Assistance Division to determine school district categories applicable to applications for agreements for value limitation for the succeeding calendar year starting on January 1 of such year.

(e) Unless expressly stated otherwise, applications and the agreements executed for such application are governed by the statutes and applicable rules and guidelines in effect at the time the application is determined to be complete.

(f) To qualify as a series of agreements under Tax Code, §313.027(h), all agreements in the series must be held by the same agreement holder on closely related projects in which the first year of limitation for each agreement begins in different years.


Source Note: The provisions of this §9.1058 adopted to be effective January 9, 2008, 33 TexReg 273; amended to be effective June 22, 2010, 35 TexReg 5370; amended to be effective June 2, 2014, 39 TexReg 4259; amended to be effective September 11, 2017, 42 TexReg 4652

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