Form 50-879 Notice of Public Hearing on Tax Increase - Proposed Rate Exceeds No-New-Revenue and Voter-Approval Tax Rate, but Not De Minimis Rate - Texas

What Is Form 50-879?

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 50-879?A: Form 50-879 is a notice of public hearing on tax increase in Texas.

Q: What does the form inform about?A: The form informs about a proposed tax rate that exceeds the no-new-revenue and voter-approval tax rate but is not de minimis.

Q: Why is a public hearing necessary?A: A public hearing is required to discuss and gather feedback on the proposed tax increase.

Q: What are the different tax rates mentioned in the form?A: The form mentions the no-new-revenue tax rate, the voter-approval tax rate, and the de minimis rate.

Q: What does 'exceeds no-new-revenue and voter-approval tax rate' mean?A: It means that the proposed tax rate is higher than the rates allowed without additional public approval.

Q: What is the de minimis rate?A: The de minimis rate is the tax rate at which an increase in revenue is considered minimal and does not require voter approval.

Q: Who is responsible for submitting this form?A: The taxing unit is responsible for submitting Form 50-879.

Q: What is the purpose of the notice of public hearing?A: The purpose is to inform the public about the proposed tax increase and provide an opportunity to express opinions or concerns.

Q: Is the public hearing mandatory?A: Yes, the public hearing is mandatory when the proposed tax rate exceeds certain limits.