An applicant is entitled to a credit for part of the maintenance and operations property taxes that were paid to a school district for each tax year during the qualifying time period in an amount that is equal to the difference between the amount of maintenance and operations tax that was actually paid on the qualified property and the amount of maintenance and operations tax that would have been paid based on the appraised value limitation to which the school district agreed, provided that the applicant meets the requirements of Tax Code, Chapter 313, Subchapter D.

Source Note:The provisions of this §9.1056 adopted to be effective January 9, 2008, 33 TexReg 273.