Texas Economic Development Act Agreement (2016)
To be used by the applicant and school district as a template for a value limitation agreement. The school district submits a draft agreement to the Comptroller for review and approval. Applies to agreements executed on or after January 24, 2016.
The Comptroller's office has set a deadline for the revised Annual Eligibility Report (Form 50-772A). All companies with agreements executed before May 15, 2017 are required to submit Form 50-772A to the school district by November 1, 2017. School districts are required to ensure the completeness and accuracy of the information in Form 50-772A and to forward Form 50-772A to the Comptroller's office by December 1, 2017. Please review the instructions (PDF) to complete the form to ensure compliance with reporting requirements.
A representative of the company that is party to the agreement should complete Form 50- 772A using information from the previous tax (calendar) year and submit the form to the school district. The school district should review the completed form, retain the original and submit a PDF scan of the signed form with the required attachments, and a signed hard copy to the Comptroller's office. Submit the form directly to the Comptroller's office in two steps:
- Signed pdf via email to firstname.lastname@example.org
- Mail a hard copy of the form to:
Data Analysis and Transparency Division
Texas Comptroller of Public Accounts
P.O. Box 13528 Capitol Station
Austin TX 78711-3528
Companies are also required to submit the Job Creation Compliance Report (Form 50-825) to the Comptroller's Office by June 15, 2017. If you have not complied with this reporting date, please submit the Form 50-825 as soon as possible. Agreement holders are responsible for submitting a signed pdf of Form 50-825 and an excel spreadsheet detailing the jobs created by the company during the previous reporting period. Electronic and hard copies of the form are required and can be sent to the address mentioned above.
Annual Eligibility Report
To be filled out by agreement holders and submitted by an authorized representative of each company to the school district by May 15 of every year using information from the previous tax (calendar) year. School districts should review the submitted forms, retain the original and submit pdf scans of the completed and signed forms and any attachments to the Comptroller's office by June 15 of every year.
Biennial Progress Report
To be filled out by agreement holders and submitted by an authorized representative of each company to the school district by May 15 of each even-numbered year. Starting in 2016, the entire Form 50-773A will be in Excel format only. The Comptroller's office requests that companies complete the spreadsheet version of this form, submitting both an unsigned electronic version and a signed hard copy version -- with any attachments -- to the school district. School districts should forward both the complete Excel workbook and signed hard copy to the Comptroller's office by June 15 of each even-numbered year.
Biennial School District Cost Data Request
School districts are also requested to submit the Biennial School District Cost Data Request Form to the Comptroller's office by July 15 of each even-numbered year, indicating -- for each project -- actual and estimated property values, tax rates, payments in lieu of taxes, extraordinary educational expenses, and revenue protection payments. (Updated January 24, 2016.)
Job Creation Compliance Report
To be filled out by agreement holders and submitted by an authorized representative of each company directly to the Comptroller's office annually. The Comptroller's office requests that companies complete this form, submitting both an electronic version and a signed hard copy version -- with any attachments -- to the Comptroller by June 15 each year. Only applies to agreements resulting from applications determined to be complete after January 1, 2014. (Updated May 12, 2014.)
Excel version of Form 50-825
This information should not be construed as, and is not a substitute for, legal advice.
Property owners and school districts are urged to consult the Attorney General's Economic Development Handbook and their own legal counsel for any questions or interpretations of economic development laws.