Sec. 1076.306. IMPOSITION OF TAX AND RETURN OF SURPLUS TAXES. (a) After the board finds that the district is dissolved, the board shall:
(1) determine any debt owed by the district; and
(2) impose on the property included on the district's tax roll a tax that is in proportion of any debt to the property value.
(b) On the payment of all outstanding debts and obligations of the district, the board shall order the board secretary to return to each district taxpayer the taxpayer's pro rata share of all unused tax money.
(c) A taxpayer may request that the taxpayer's share of surplus tax money be credited to the taxpayer's county taxes. If a taxpayer requests the credit, the board shall direct the board secretary to transmit the money to the county tax assessor-collector.
Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.
Section: Previous 1076.205 1076.206 1076.207 1076.208 1076.209 1076.210 1076.251 1076.252 1076.253 1076.301 1076.302 1076.303 1076.304 1076.305 1076.306Last modified: September 28, 2016