Sec. 1079.306. IMPOSITION OF TAX AND RETURN OF SURPLUS TAXES. (a) After the board finds that the district is dissolved, the board shall:
(1) determine the debt owed by the district; and
(2) impose on the property included in the district's tax rolls a tax that is in proportion of the debt to the property value.
(b) On the payment of all outstanding debts and obligations of the district, the board shall order the 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 secretary to transmit the money to the county tax assessor-collector.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1117 (H.B. 3896), Sec. 3, eff. June 14, 2013.
Section: Previous 1079.205 1079.206 1079.207 1079.208 1079.209 1079.210 1079.251 1079.252 1079.253 1079.301 1079.302 1079.303 1079.304 1079.305 1079.306Last modified: September 28, 2016