Tax Increment Financing Reporting RequirementsChapter 311

Annual Reports

When to Submit the Annual Report

All cities or counties that designate a tax increment reinvestment zone must file an annual report on or before the 150th day following the city’s or county’s fiscal year. The report must be submitted with the Comptroller's online tool and a copy sent to the chief executive officer of each taxing unit.

What is in the Annual Report?

The report must include:

• the amount and source of revenue in the tax increment fund established for the zone;
• the amount and purpose of expenditures from the fund;
• the amount of principal and interest due on outstanding bonded indebtedness;
• the tax increment base and current captured appraised value retained by the zone; and
• the captured appraised value shared by the municipality or county and other taxing units;
• additional information necessary to demonstrate compliance with the tax increment financing plan adopted by the governing body of the municipality or county.

The Comptroller's office may ask for other information to determine the use of tax increment reinvestment zones and economic development in the state.

See annual report (SEC. 311.016).

Who Submits the Annual Report

The governing body of the city or county that created the zone is required to submit an annual report to the chief executive officer of each participating taxing unit and to the Comptroller's office using eSystems. This is required for as long as the TIRZ remains active.

The CAD is not responsible for submitting any TIRZ related forms or supporting documents.

New or Modified Tax Increment Financing Zones

Modified or amended project or finance plans must be reported before April 1 of the year in which they were modified.

New tax increment reinvestment zones must be reported before April 1 of the year following the year in which the zone is designated. The following information is required:

• the order/ordinance approving the creation of the TIRZ
• the approval of the Project Plan and Finance Plan
• the metes and bounds of the zone
• the captured appraised value of the property within the boundaries of the TIRZ as shared by the municipality or county
• the total amount of tax increments received
• any additional information necessary to demonstrate compliance with the plan the governing body of the municipality or county adopted.

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Need Help?

For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672.