Texas Administrative Code › Title 34 - PUBLIC FINANCE › Part 1 - COMPTROLLER OF PUBLIC ACCOUNTS › Chapter 9 - PROPERTY TAX ADMINISTRATION › Subchapter F - LIMITATION ON APPRAISED VALUE ON CERTAIN QUALIFIED PROPERTIES › Section 9.1053 - Entity Requesting Agreement to Limit Appraised Value

Current through Reg. 49, No. 28; July 12, 2024
(a) Initial application contents. To request
				  a limitation on appraised value for school district maintenance and operations
				  ad valorem tax purposes pursuant to Tax Code, Chapter 313, an applicant shall
				  file a completed application with the school district in which the qualified
				  property will be located.
(1) A completed
				  application shall consist of, at a minimum, the following items:
(A) the comptroller's current application
				  form and Schedules A1, A2, B and C attached to the application form with all
				  information boxes filled in with the information on which applicant intends to
				  rely including but not limited to:
(i) a
				  specific and detailed description of the proposed qualified property to which
				  the appraised value limitation will apply sufficient to clearly distinguish the
				  subject property from property to which the limitation does not apply and to
				  establish that the property meets the criteria of qualified property pursuant
				  to these rules and Tax Code, §
													313.021(2);
(ii) a specific and detailed description of
				  the investment described in Tax Code, §
													313.021(1)
				  that is proposed to be made in the property subject to the appraised value
				  limitation and sound, good faith estimates of the dollar value of intended
				  investment sufficient to establish that the investment meets minimum criteria
				  for qualified investment pursuant to Tax Code, §
													313.023 or §
													313.053 if applicable,
				  during the proposed qualifying time period;
(iii) if the land upon which the qualified
				  property will be located contains existing improvements or tangible personal
				  property, a specific and detailed description of the tangible personal
				  property, buildings, or permanent, non-removable building components (including
				  any affixed to or incorporated into real property) on the land that is
				  sufficient to distinguish existing property from the proposed new improvements
				  and any proposed property that is not new improvements which may include maps,
				  surveys, appraisal district values and parcel numbers, inventory lists,
				  property lists, model and serial numbers of existing property, or other
				  information of sufficient detail and description to locate all existing
				  property within the boundaries of the real property which is subject to the
				  agreement; provided however, that the date of appraisal shall be within 15 days
				  of the date the application is received by the school district;
(iv) the total number of any jobs related to
				  construction or operation of the facility that the applicant chooses to
				  disclose for the purpose of calculating the economic impact of the
				  project;
(v) the total number of
				  qualifying jobs the applicant commits to create and maintain during the full
				  term of the agreement and a schedule which identifies the number of qualifying
				  jobs created and maintained in each year of the agreement;
(vi) the wages, salaries, and benefits
				  applicant commits to provide for each qualifying job;
(vii) the total number of non-qualifying jobs
				  the applicant estimates it will create and maintain during the full term of the
				  agreement and a schedule which identifies the number of non-qualifying jobs
				  created and maintained in each year of the agreement;
(viii) the average wages the applicant
				  estimates it will provide for non-qualifying jobs;
(ix) a statement:
(I) that for the purposes of this statement,
				  "payments to the school district" include any and all payments or transfers of
				  things of value made to the school district or to any person or persons in any
				  form if such payment or transfer of thing of value being provided is in
				  recognition of, anticipation of, or consideration for the agreement for
				  limitation on appraised value; and
(II) as to whether:
(-a-) the amount of any and all payments or
				  transfers made to the school district may result in payments that are or are
				  not in compliance with Tax Code, §
															313.027(i);
				  or
(-b-) as to whether the method
				  for determining the amount may result in payments to the school district that
				  are or are not in compliance with Tax Code, §
															313.027(i);
				  and
(x) a
				  description of the real property on which the intended investment will be made,
				  identified additionally by the county appraisal district parcel
				  number;