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This worksheet is designed for school districts without Chapter 313 agreements to calculate the no-new-revenue tax rate and voter-approval tax rate as mandated by Texas tax law. It outlines the necessary steps and formulas for determining the tax rates based on prior and current year taxable values and other relevant considerations.
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What is form 50-859?
Form 50-859 is a tax form used by certain businesses and individuals to report specific tax-related information to the government.
Who is required to file form 50-859?
Businesses and individuals who meet specific criteria outlined by the tax authority must file form 50-859, typically related to certain income thresholds or business types.
How to fill out form 50-859?
To fill out form 50-859, users should follow the instructions provided on the form, including filling in personal and financial information, ensuring all required fields are completed accurately.
What is the purpose of form 50-859?
The purpose of form 50-859 is to provide the government with necessary information for tax assessment and compliance related to the specific reporting requirements it governs.
What information must be reported on form 50-859?
Form 50-859 requires reporting of pertinent financial information, including income, expenses, and any other relevant tax data as outlined in the filing instructions.
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