Form 50-276 - Tax Abatement Registry - Texas Comptroller Of Public Accounts Page 3

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Economic Development
T a x A b a t e m e n t R e g i s t r y , N e w A b a t e m e n t A g r e e m e n t
and Analysis
Form 50-276
Instructions
State Law (Section 312.005, Tax Code) requires the chief
Step 3: Property Information
appraiser of each appraisal district that appraises property
Please check the appropriate box(es) to indicate the type
for a taxing unit that has executed a tax abatement agree-
of abatement, business, and property involved in the tax
ment to deliver to the Comptroller before July 1 of the year
abatement agreement.
following the year in which the agreement is executed,
a report providing a copy of the executed tax abatement
Step 4: Terms of Agreement
agreement. This form and a fully executed copy of the
Please provide the abatement agreement’s execution date,
tax abatement agreement must be submitted to the Texas
effective date, expiration date, and the type of property
Comptroller of Public Accounts at the address below.
abated.
Step 5: Economic Impact
Comptroller of Public Accounts
Economic Development and Analysis Division
Please provide the appraised value of the property sub-
Post Office Box 13528
ject to this abatement agreement before the execution of
Austin, Texas 78711-3528
the agreement. If the agreement addresses increases in
employment or payroll, please provide this information in
For assistance or to request additional forms, call toll free,
response to question 19. The number of full-time equivalent
1-800-531-5447 ext. 3-4679. You may also obtain addi-
(FTE) positions is the number of new jobs created in each
tional forms on the Texas Ahead Web page at
year and should not include any FTEs created in previ-
ous or subsequent years. A new job is one or more new
php. From a Telecommunication Device for the Deaf (TDD),
employees whose combined work hours total 40 per week.
call 1-800-248-4099 or 512/463-4621.
The estimated payroll dollars created also should reflect
the total wages and salaries of new FTEs in each year
Step 1: Contact Information
and should not include any payroll amounts for previous or
This information provides the Comptroller information on
subsequent years.
the taxing unit initiating the tax abatement agreement (lead
Step 6: Signature of Person Completing Form
taxing unit) and the appraisal district completing this report.
If you had no new tax abatement agreements in your
The person signing the report should be the same person
appraisal district, you do NOT need to submit this form.
listed in Step 1 as the contact person.
Step 2: Abatement Information
Specify the name of the reinvestment zone as listed in the
ordinance or resolution creating the zone. List each taxing
unit, beginning with the lead taxing unit, agreeing to abate
taxes on the property and the percent abated each year of
the agreement. List all property owners party to the abate-
ment agreement. Indicate the abatement’s duration and
whether the lead taxing unit is a city or county. A copy of the
tax abatement agreement must be submitted with this form.
If Form 50-275 has not been submitted, please submit it and
accompanying documentation with this form.
For more information, visit our website:
50-276 • 03-12/7 • Page 3

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