Form 50-887 Notice of Public Hearing on Tax Increase - Proposed Rate Does Not Exceed No-New-Revenue Tax Rate, but Exceeds Voter Approval Tax Rate, but Not De Minimis Rate - Texas

What Is Form 50-887?

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 50-887?
A: Form 50-887 is a Notice of Public Hearing on Tax Increase in Texas.

Q: What does the form pertain to?
A: The form pertains to the proposed tax rate in Texas.

Q: What is the purpose of the form?
A: The form is used to notify the public about a tax increase.

Q: What is the No-New-Revenue Tax Rate?
A: It is the tax rate that generates the same amount of revenue as the previous year.

Q: What is the Voter Approval Tax Rate?
A: It is the tax rate that requires voter approval to exceed.

Q: What is the De Minimis Rate?
A: It is the tax rate that is considered negligible and does not require voter approval.

Q: How does the proposed tax rate in the form compare to the No-New-Revenue Tax Rate?
A: The proposed tax rate does not exceed the No-New-Revenue Tax Rate.

Q: How does the proposed tax rate in the form compare to the Voter Approval Tax Rate?
A: The proposed tax rate exceeds the Voter Approval Tax Rate.

Q: How does the proposed tax rate in the form compare to the De Minimis Rate?
A: The proposed tax rate is not considered De Minimis and therefore requires voter approval.