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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 50-755
for the current year.
Form 50-755 Report on Value Lost Because of School District Participation in Tax Increment Financing (Tif) - Texas
What Is Form 50-755?
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 50-755?
A: Form 50-755 is a report on value lost because of school district participation in Tax Increment Financing (TIF) in Texas.
Q: What is Tax Increment Financing (TIF)?
A: Tax Increment Financing (TIF) is a tool used by local governments to fund public infrastructure improvements and stimulate economic development in blighted or underdeveloped areas.
Q: Who needs to file Form 50-755?
A: School districts in Texas that are participating in Tax Increment Financing (TIF) need to file Form 50-755.
Q: What is the purpose of Form 50-755?
A: The purpose of Form 50-755 is to report the value lost by the school district due to its participation in Tax Increment Financing (TIF).
Q: What information is required on Form 50-755?
A: Form 50-755 requires information about the school district, the TIF project, the value lost by the school district, and any payments made by the TIF project to the school district.
Q: How often does Form 50-755 need to be filed?
A: Form 50-755 must be filed annually by school districts participating in Tax Increment Financing (TIF) in Texas.
Q: Is there a deadline for filing Form 50-755?
A: Yes, Form 50-755 must be filed with the Texas Comptroller of Public Accounts by January 30th of each year.
Q: Are there any penalties for not filing Form 50-755?
A: Yes, failure to file Form 50-755 may result in penalties, including the loss of a portion of the school district's funding from the state.
Q: Are there any exemptions to filing Form 50-755?
A: There are no specific exemptions mentioned for filing Form 50-755. All school districts participating in Tax Increment Financing (TIF) in Texas are required to file this form.
Form Details:
- Released on May 1, 2019;
- The latest edition provided by the Texas Comptroller of Public Accounts;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 50-755 by clicking the link below or browse more documents and templates provided by the Texas Comptroller of Public Accounts.
Download Form 50-755 Report on Value Lost Because of School District Participation in Tax Increment Financing (Tif) - Texas
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