Form 50-310 Application for Constructing or Rehabilitating Low-Income Housing Property Tax Exemption - Texas

What Is Form 50-310?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 50-310?
A: Form 50-310 is an application for constructing or rehabilitating low-income housing property tax exemption in Texas.

Q: Who can use Form 50-310?
A: Property owners or developers who are planning to construct or rehabilitate low-income housing in Texas can use Form 50-310.

Q: What is the purpose of Form 50-310?
A: The purpose of Form 50-310 is to apply for a property tax exemption for low-income housing projects in Texas.

Q: What is the eligibility criteria for the low-income housing property tax exemption?
A: To be eligible for the low-income housing property tax exemption, the project must meet certain criteria, including providing housing for individuals or families whose income is at or below a certain level.

Q: Are there any filing fees for Form 50-310?
A: There are no filing fees for submitting Form 50-310.

Q: What supporting documents are required with Form 50-310?
A: Along with Form 50-310, you may be required to submit documents such as cost certifications, rent and income certifications, and other financial information related to the low-income housing project.

Q: How long does it take to process Form 50-310?
A: The processing time for Form 50-310 can vary, but it generally takes several weeks to a few months for the application to be reviewed and processed.

Q: What are the benefits of the low-income housing property tax exemption?
A: The low-income housing property tax exemption can help reduce property taxes for qualifying low-income housing projects in Texas.