| (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 submitted
concurrently at application and 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. Additionally, the application must clearly state the agreement
will be part of a series of agreements under Tax Code, §313.027(h)
and set forth the other agreements that are intended to be included
as part of such series.
|
| 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; amended to be effective February 6, 2020, 45 TexReg 764 |
